ABOUT NORMAN J. LORCH, CPA

Norman J. Lorch, CPA - Executive Consultant has over thirty-five years experience in the field of financial management and administration of government contracts.  Mr. Lorch is the principal of Norman J. Lorch, Chartered, a CPA firm which specializes in assisting clients and their accountants in the areas unique to Government contracts.  He is a former division accounting manager with a major defense contractor and a former Supervisory Auditor with the Defense Contract Audit Agency (DCAA).  Mr. Lorch has prepared and evaluated claims, successfully defended contractors from allegations by the Defense Contract Audit Agency on such matters as Defective Pricing and time-keeping policies and practices.  In addition, he has been the interface and liaison with DCAA and has negotiated contracts and agreements with contracting officers, customers, and the DCAA.

Mr. Lorch is expert on the Federal Acquisition Regulations (FAR), the Department of Defense Supplement (DFARS), and the policies and procedures of the Defense Contract Audit Agency.  He has performed audits of claims for equitable adjustments in contract prices and has provided expert testimony before the Grand Jury and before various Boards of Contract Appeals.  During this process, Mr. Lorch has been deposed on many occasions.  He has assisted and directed the preparation of numerous price proposals, Termination Settlement Proposals, final overhead rate submissions and monitored indirect rate forecasts.  Norm has assisted contractors in developing overhead rate structures which maximized cost recovery.  He has assisted and directed the preparation of time-keeping and accounting policies which provided management with internal controls and complied with the need for proper oversight, control and communication to employees.  These efforts have included the development and implementation of policies and procedures which meet the criteria set forth in the CRAG (Contractor Risk Assessment guide).  He has assisted contractors and subcontractors to develop accounting systems which complied with the requirements of the government and were acceptable to support progress payment requests and billing under cost type contracts.  Additionally, he has performed numerous audits of contractors and subcontractors price proposals and other submissions for contractors so that they may comply with requirements to properly administer their subcontractors.

Mr. Lorch is a Certified Public Accountant in the State of Maryland and is a member of the American Institute of Certified Public Accounts, the Maryland Association of Certified Public Accountants, Greater Washington Society of CPA's, an associate member of the American Bar Association, Public Contracts Section, a member of the national Defense Industrial Association, Contract Finance Committee, and the National Contracts management Association. He is active in professional societies, was the former Chairman of the Government Contractor Committee and a member of the State Society Continuing Professional Education Committee.  He has been a member of the Maryland Association’s Government Contractors’ Committee for the past 15 years and has served as its past chairman.  Norm was a member of the American Institute of CPAs Task Force on The New Professional Education Requirement and the state society Management Advisory Services committee.  Mr. Lorch is the author of the AICPA course entitled an Introduction to the Accounting Requirements of the Government Contracts and the co-author of Cost Principles for Non-Profit Organizations Covered By OMB Circular A-133.  Mr. Lorch is also the author of the course entitled Government Contractor's Indirect Cost Rates: Preparation of the Proposal and Surviving The Government's Audit and Accounting Systems For Government Contractors.  He has extensive experience in lecturing to professional groups having served as a member of the faculty for the American Institute of CPA's, as well as the Maryland, Greater Washington and Pennsylvania CPA associations.