Get Awarded More Contracts with DCAA
Pre- and Post-Award Accounting System Audits
Get your accounting system approved for a wider variety of contract types through a DCAA audit. Our experts are your partner to securing approval.
WHAT IS A DCAA APPROVED ACCOUNTING SYSTEM?
If a federal contractor wishes to be eligible to be awarded a wider variety of contract types, they must have an "approved" accounting system. The most common way for a small business to secure approval of their system is through a DCAA systems review. If your system is set up and maintained properly, you do not need to fear this audit. We are available to help you every step of the way through this process, which includes gathering documentation and demonstrating the system in person to the auditors.
WHAT IS INCLUDED IN A DCAA AUDIT?
Our DCAA audits include:
Segmentation of direct and indirect costs
Documentation of direct costs by contract
Documentation of method for allocation of indirect costs
Accumulation of costs on general ledger
Develop and refinement of a timekeeping system
Develop and refinement of a labor distribution system
Implementation of a routine system for posting of books to a contract account
Exclusion of non-allowable costs in terms of FAR31, Contract Cost Principles and Procedures, or other contract provisions
Delineation of costs by contract line item and unit
Contact us to learn more about our DCAA auditing services.