This section addresses topics including, Types of Audits and Interacting with Auditors.
The DCAA and You
I have high lighted in color, bolded, or underlined those items I believe are of particular importance to you as a small business contractor. This one article alone is worth the annual subscription! Recently, a tension appears to be developing between the Defense Contract Management Agency (DCMA) and the Defense
The DCAA and You
Demystifying the Pass/Fail, Adequate/Inadequate, of DCAA Pre-award/Post-award Accounting System Surveys/Audits The Issue A lot is being said about the DCAA moving to providing only a Pass/Fail option for a firms accounting system. Along with this misinformation are many scare tactics designed to influence the small
The DCAA and You
Commercial versus Government Contracting – In a commercial contract, the deliverable is a package of goods and services. In a government contract, another ingredient is added for the contractor: Administrative reporting to assure that costs billed to the contract are allowable by the government. “Reporting” in this case means not only
The DCAA and You
Over the years I have encountered many instances of DCAA auditors finding significant deficiencies of small businesses as it pertains to written policies, procedures, and practices. The following sample of a typical standard wording in an audit report of finding is presented for your understanding. Remember, being prepared is better
The DCAA and You
Prior to her reassignment from Director of the Defense Contract Audit Agency to “an executive position” on the Defense Department Comptroller Robert Hale’s staff, April Stephenson implemented a number of improvements to address issues cited in recent GAO reports of DCAA shortcomings. These included: * Halting practices that based employee
The DCAA and You
Overview - Paul, I am an audit consultant doing some benchmarking. I came across your web site via a web search. You have a lot of useful information on your site. Might you be able to provide some guidance on the following 5 queries? 1. Query: When the DCAA reviews
The DCAA and You
In an earlier article, we discussed that Quick Books Pro as part of a documented and controlled accounting process with trained accountants can be made DCAA Compliant. For the question above “will DCAA approve your accounting system?” the answer is “No”, because DCAA doesn’t approve any accounting system. Even
The DCAA and You
For those of my colleagues who may not know what may be requested for an accounting system review, below is a copy of several DCAA auditor's actual request for information from contractors in preparation for an accounting system review. Review the request so you do not have to
