Paul Bailey is a Partner for Capital Edge Consulting. Mr. Bailey has broad experience with federal procurement rules and regulation through combined industry and public accounting experience at PricewaterhouseCoopers and KPMG. Over the course of his 30-year career, Paul has provided expert advice and testimony for government contractors and their counsel, government agencies including Inspector General and the Department of Justice on the administration of contracts and resolution of complex government accounting and compliance disputes. While in public accounting, Paul was responsible for the Department of Energy’s outsourced contractor audits to KPMG, including Incurred Cost and Price Proposals, CAS compliance and Business System adequacy. Paul has conducted audits for and on behalf of the Federal Bureau of Prisons, Department of Justice and Department of Energy, Office of Inspector General.
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. Paul has been an industry leader in settlement of indirect rates based on past company experience foregoing the DCAA Incurred Cost Audit process. In addition to extensive accounting and compliance experience, he has held Vice President roles leading Contracts, Subcontract Administration, and Procurement functions.
Affiliations and Publications
Mr. Bailey is a frequent speaker on current legislative and regulatory developments impacting government contractors for American Conference Institute, C5 Communications Ltd., and Public Contracting Institute. Mr. Bailey is a Board of Directors member for Public Contracting Institute where he instructs compliance with the Cost Accounting Standards.
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.
Expertise and Areas of Focus
Specific areas of government contract consulting expertise include:
Federal Acquisition Regulations (FAR)
Cost Accounting Standards (CAS)
Truth in Negotiations Act (TINA)
Defense Contract Audit Agency (DCAA) audit support and audit defense
Government Contracts Training (Accounting & Compliance related)
Incurred Cost Submissions
Forward Pricing Rates
Cost Impact Statements
CAS Disclosure Statements
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. He is the past Chair of the Contract and Acquisition Management Committee and current Procurement Executive Committee Board Member of the National Defense Industry Association.