The DCAA and You

This section addresses topics including, Types of Audits and Interacting With Auditors

Lets first look at some basic items of interest and concern to the DCAA:

General Audit Interests  

  • All activities related to proposed or incurred costs of government contracts
  • Financial Policies, Procedures, and Internal Controls
  • Opportunities for contractors to reduce or avoid costs
  • Contractor Compliance
  • Contractor Self Governance

Major Areas of Concern

  •  Accuracy and reasonableness of cost representations
  •  Financial capability
  •  Policies and procedures
  •  Contractual provisions having significance
  •  Internal control systems
  •  Management policies

More here on why they matter!

FAQ's of Contractors to DCAA
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Assigning Fringes as Direct or Indirect
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Audit Blues?
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Fast G&A and Fringe Calculation!
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Incurred Cost Inquiry: Travel & Client Expenses - Are they B&P or G&A cost?
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DCAA Checklists You Should Never Be Without
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Applying G&A on Subcontract Cost - T&M Effort
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Audit Alert - Allowability of Lodging, M&IE - FAR 31.205-46
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Ineligible Dependent Health Care Benefit Costs
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DCAA Contract Accounting System Requirements - You Can Do It!
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Timekeeping Lag between Cut-Off and Payday
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Impact on Labor of Declared Holiday by Executive Order
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FAR Amended to Include Guidance on Adequate Incurred Cost Submissions (ICS)
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Disabled Veteran DVD Testimonial
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Direct Labor Hours versus Dollars as Allocation Base
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Employee vs 1099 - Some Cost & Pricing Issues To Consider
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Screening for Unallowable Cost - Protect Yourself
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Negotiating Indirect Rates LOWER than Projected Rates: Is it allowed?
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Adopting a Material and Subcontract Handling Rate
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Compensatory Time Policies and How They Can Impact Labor Accounting for Government Contractors
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Total Time Accounting and Uncompensated Overtime - Are You Giving Away Hours?
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