PAUL H. CALABRESE

Mr. Calabrese is a Senior Manager, providing accounting and consulting services to not-for-profit and government contracting clients. Mr. Calabrese has considerable experience with the Cost Accounting Standards (CAS) and CAS disclosure statements, Federal Acquisition Regulation Cost Principles (FAR), Department of Defense (DOD) FAR Supplement, OMB Circulars A-110 and A-122 (cost principles for non-profit organizations), the Federal Accounting Standards and Advisory Board (FASAB cost practices for federal agencies), and the Defense Contract Audit Agency (DCAA) manual.

Mr. Calabrese has 28 years of professional experience. In addition to 10 years of experience at a public accounting firm and 13 years with three government contractors, he was a Senior Auditor for the Defense Contract Audit Agency (DCAA).

In prior positions with government contractors, Mr. Calabrese acted as liaison with DCAA, interfacing with DCAA auditors on such issues as incurred cost submissions, indirect rate development, advance agreements, forward pricing reviews, proposals, defective pricing, billing systems, contract close-outs, compensation, Cost Accounting Standards issues, and CAS disclosure statements. He has negotiated with resident and regional DCAA auditors, DCMAO personnel, ACOs, and PCOs, and has also worked with bankers and company legal counsel on litigation matters.

Mr. Calabrese received his Bachelor of Science degree in Business Administration from George Mason University with a core concentration in accounting. He is a fellow of the Greater Washington Society of Certified Public Accountants (GWSCPA), including the Chair of their Not-For-Profit Committee starting in the fall of 2007.

Mr. Calabrese has presented seminars on government contract cost accounting and issues at the Institute of Management Accountants, George Washington University Law School, and George Mason University Accountancy Advisory Council. In addition, he has provided seminars for not-for-profits on cost recovery and compliance issues at the Center for Nonprofit Advancement, Maryland Society of Accountants, and the GWSCPA. With respect to the A-122 cost principles and indirect cost rates, he has also made presentations to Georgetown University – Nonprofit Management Executive Certificate Program, The Performance Institute, the Council for Nonprofit Innovation, ASAE – M&T 2004: Learning Exchange & Business Expo, D.C. Executive Office of the Mayor – Office for Partnerships and Grants Development, Maryland Association of Certified Public Accountants, the Accounting Continuing Professional Education Network (telecasted seminars), and Venture Philanthropy Partnerships – CFO Roundtable.