Whitepaper: The Audit World's Biggest Myths
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Whitepaper: The Audit World's Biggest Myths
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Paul Bailey

Affiliations and Publications
Expertise and Areas of Focus

Mr. Bailey has broad experience with federal procurement rules and regulation over the course of his 35+ year career, having served in leadership positions for major A&D and A&E government contractors and “Big 4” accounting firms.

Paul has provided expert advice and testimony for government contractors and their counsel, government agencies including Department of Energy Inspector General and the Department of Justice on the administration of contracts and resolution of complex government accounting and compliance disputes.

Paul joined Capital Edge Consulting from Harris Corporation in Melbourne, Florida where he was Vice President of Government Accounting and Compliance. In the accounting and compliance role, Paul was responsible for the oversight and approvals of the Business Systems to satisfy DCAA/DCMA surveillance and adequacy determinations. Paul orchestrated and directed an External Restructuring of CAS segments to align cost allocations and synergies following a major acquisition. Additional responsibilities included CAS compliance, pricing rates and Incurred Cost Proposals.

As a Vice President & Officer at Ch2m, Mr. Bailey had global responsibility for Business Systems, Government Accounting and Compliance, Contracts, Subcontract Administration, Pricing and Procurement functions. While at Ch2m, Paul designed and orchestrated a CAS External Restructure and aligned the company’s lines of business into new and separable cost and pricing structures. Paul achieved a reduction and closure of compliance audits through negotiation of several prior year’s backlog of unaudited Incurred Cost Proposals.

Mr. Bailey resides on Florida’s Space Coast.

Mr. Bailey is a frequent speaker on current legislative and regulatory developments impacting government contractors for both Federal Publications Seminars and Public Contracting Institute. Paul is a Board of Directors member for Public Contracting Institute, where he instructs compliance with the Cost Accounting Standards.

He is the former Chair of the Contract and Acquisition Management Committee and is a current Procurement Executive Committee Board Member of the National Defense Industrial Association (NDIA). Mr. Bailey was awarded NDIA’s prestigious Howard H. Cork Memorial Award for contributions to the government and industry defense contracting community.

Publications by Mr. Bailey include Predicting the Unpredictable; Protecting Aerospace & Defense Companies against Fraud, Reputation and Misconduct Risk and Exploring IFRS, Practical Business Guidance – Government Contract Considerations.

Specific areas of government contract consulting expertise include:

  • FAR and CAS
  • DCAA audit support
  • Contract compliance & dispute resolution
  • GSA, VA and DLA Federal Supply Schedules
  • DFARS Business Systems Implementation
  • Internal Audit and Gap Assessments
  • Forward Pricing & Incurred Cost Submissions
  • REA’s and Termination Settlement Proposals
  • CAS Compliance & Cost Impact Statements
  • CAS / DFARS External Restructuring
  • Buy side due diligence
  • Truth in Negotiations Act (TINA)
  • FAR Part 15 Cost & Price Analysis
  • Commercial Item Evaluation & Support

Mr. Bailey has been admitted under GAO protective orders where he has opined on bid protest cost/pricing evaluations and regulatory compliance matters.

Mr. Bailey earned his B.B.A. – Finance degree from Walsh College of Accountancy and Business Administration. He is a Certified Public Accountant licensed in Ohio and Virginia.

About Capital Edge Consulting

Capital Edge government contract consultants support Government Contractors and Federal Grant Recipients. Our consultants specialize in the regulatory compliance matters you need.

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Whitepaper: The Audit World's Biggest Myths
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