DCAA Audit Requirements
When you receive a contract from the United States government, you are entering into a business relationship with the largest purchaser of goods and services in the world. It is an organization that is highly sophisticated, with written and unwritten rules and expectations, DCAA audits, and stiff consequences when compliance isn’t met.
This white paper explores the role of the Defense Contract Audit Agency in federal contracts, and reviews the following DCAA audits:
- Pre-award survey
- Full blown accounting system review
- Provisional billing rate audit
- Progress payment audit
- Surprise time sheet audit
- Financial capacity audit
- Annual incurred cost audit
- Contract closeout
We’ll detail how the Defense Contract Audit Agency works, what is checked, what’s at stake, and how hard each type of audit is to pass. This overview should help you make informed decisions about the proper oversight of your accounting system.
Is your accounting system DCAA-compliant? Contact Us to schedule a time to speak to one of our government funding experts, and we will follow up within 48 hours.
Open White Paper
Ed Jameson, CPA, Managing Member
With over 40 years of experience as a government funding award accounting specialist, Ed is a recognized national expert in the field. In addition to helping hundreds of clients navigate FAR Part 31 compliance. he has been an active speaker and panel moderator at Tech Connect's National SRIR/STTR conferences since 2011. presents at the DOD's Mentor Protégé Summit and presents regularly for several state and local organizations.
