Reduction in Proposal Audits to be Offset in Other Areas
In late 2010, DoD procedures were amended and will likely result in fewer proposal audits. However, this good news comes with a dark cloud. The reduction in proposal audits is likely to be countered by...
View ArticleCompany Culture and Accounting Systems
At first pass, this may seem like an odd combination of issues, but company culture has to be accounted for when changing accounting systems. Change Is Scary Your accounting staff is probably very...
View ArticleService Contract Audits to Increase
This is via Centre Consulting. “The Dept. of Labor has dramatically increased the number of auditors devoted to reviewing government contracts for Service Contract Act (SCA) compliance. Enforcement...
View ArticleAre Your Subcontractors Adding Value?
Recent guidance from DCAA suggests that they may start disallowing certain indirect costs for the prime on contracts where the subs are doing more than 70% of the work. “Adding Value” is, of course,...
View Article4 Signs That Your GovCon Business is Outgrowing Quickbooks
You Need Accurate, Fully Burdened Cost Data QuickBooks has no native ability to calculate and allocate burdened costs. When you need burdened costs to support a cost-plus proposal or an audit, you...
View ArticlePreparing for a DCAA Accounting Systems Adequacy Audit
As a government contractor, your first face-to-face interaction with a DCAA auditor will likely be an Accounting Systems Adequacy Audit (Pre-award Survey). The audit does exactly what the title states....
View ArticleSpreadsheets: You Are Doing It Wrong
Spreadsheets are wonderful tools. However, if you are manually updating spreadsheets each accounting period with the same information (sales numbers by task order, labor hours on projects, etc) and...
View ArticleSubcontractors need to be DCAA compliant too
Yesterday, I was speaking with a smaller contractor, a 12 person firm with no direct contracts with the government. All their work is as a subcontractor. One of their primes mandated that they get a...
View ArticleDCAA Approved Accounting Systems
We get a lot of visitors to this web site from the search term “DCAA Approved Accounting System.” So I thought this would be a good opportunity to clarify exactly what constitutes a DCAA Approved...
View ArticleDCAA Identifies Audit Priorities
A defense industry blogger at About.com is reporting that DCAA has identified a couple of areas of emphasis in their audit activities. Business Development vs Marketing: They will be looking closely to...
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