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James J. Check, CPA – Managing Director

+1 703 796 2870

 

Plaza America Tower II
11710 Plaza America Drive
Suite 800
Reston, VA 20190
jcheck@chessconsultingllc.com

 

James Check is a Managing Director and Co-Founder of Chess Consulting LLC. He has 30 years of forensic accounting, litigation support, government contractor regulatory compliance, and auditing experience. Prior to founding Chess Consulting, Jim spent eight years with two consulting firms as a Managing Director and 16 years with Arthur Andersen LLP, where he was a partner.

 

Professional Experience

 

Government Contractor Advisory Services:

  • Cost Accounting and Pricing.  Jim consults with government contractors on complex cost allocability and allowability matters. He assists contractors in interpreting and applying Cost Accounting Standards (CAS) and the Federal Acquisition Regulation (FAR) cost principles, preparing CAS disclosure statements, and developing compliant cost structures.
  • Compliance Reviews.  Jim works with companies in connection with assessing the adequacy of their internal processes, controls and self-governance programs on assignments including evaluating contractors’ project cost accounting, financial reporting, labor charging, indirect cost accounting, material management and accounting, contract administration, purchasing and cost estimating systems.
  • Claims Pricing and Support.  Jim assists contractors with preparing requests for equitable adjustment, including the identification, analysis and pricing of changed work and associated delay and disruption claims. Additionally, he assists contractors in preparing termination settlement proposals, dealing with subcontractor claims and managing the settlement process.
  • Emerging Contractor Services. Jim works with contractors to prepare cost proposals and incurred cost submissions, pursue bid protests, reengineer cost allocation systems and prepare for audits and negotiations.
  • Financial Reporting and Due Diligence. Jim has audited the financial statements of government contractors, and has advised senior management and boards of directors on matters involving financial accounting and reporting and corporate governance. He also has worked with buyers on merger and acquisition due diligence reviews, including advising management with respect to the unique business, accounting, financial reporting and regulatory risks that impact government contractors.
  • Training. Jim has developed and instructed numerous training seminars for contractors on varied matters, such as CAS, FAR cost principles, the regulatory environment, the procurement process, business systems, contract pricing and accounting, changes and terminations, the government audit process, labor charging, and indirect cost accounting.

 

Disputes and Investigations:

  • Dispute Resolution. Jim has substantial experience with respect to disputes and litigation. He has assisted clients in matters involving contract breach, contract claims, purchase price disputes, cost accounting disputes, GSA schedule contracting, business valuation and matters involving fraud and other misconduct. He has prepared and/or analyzed damages claims and advised companies and their legal counsel in preparing for trials and arbitration proceedings. He has also testified in mediation, arbitration and court proceedings.
  • Special Investigations. Jim has conducted internal corporate investigations related to matters of alleged fraud and other misconduct. He has assisted companies in determining the nature and extent of the fraud and provided recommendations on improving internal controls. He has experience working with government contractors who have been accused of violating the False Claims Act. This experience includes investigating the alleged fraudulent activity and assessing potential damages. He also has experience leading investigations related to alleged violations of the Foreign Corrupt Practices Act.

 

Education & Certification:

  • Pennsylvania State University, B.S., Accounting, with highest distinction
  • CPA, licensed in Virginia and the District of Columbia

 

Professional Affiliations:

  • American Institute of Certified Public Accountants
  • American Bar Association Section of Public Contract Law, Associate Member