Management

DCAA Compliance and Audits

You will benefit by learning critical information to become and remain compliant with Defense Contract Audit Agency (DCAA) standards. As a contractor, you can take a number of measures to prepare now for a potential audit. The DCAA performs all required contract audits for the U.S. Department of Defense and provides other contracts and subcontracts services to all DOD acquisition and contract administration components. DCAA does not certify contractors as "compliant," however they do certify certain systems and proposals as compliant or adequate. Following DCAA recommendations and guidance allows contractors to remain compliant with federal law and allows them to contract with the Federal Government. Learn the details that simplify understanding compliance and the audit process. Begin by gaining knowledge to successfully respond to an audit and ensure your contract work continues. You will gain guidance to successfully navigate the audit process and ensure your company's continued work with the Department of Defense and other civilian agencies.

    Topics Include:
  • DCAA authority, responsibility, and current environment
  • Auditing standards
    • GAGAS
    • Field standards
    • Reporting standards
  • Cost accounting basics for compliance
  • Selected areas of costs
  • Specific audits
    • Accounting System Reviews
    • Forward Pricing Rate Proposals
    • Provisional Billing Rates
    • Billing, estimating, timecard, compensation, purchasing systems
    • Materials management
    • Incurred cost proposals
    • Defective pricing
    • Progress payments
    • Financial capability
    • Government property
    • Closeout audits
  • Audit Relationship
  • Findings and Penalties
  • Regulatory Environment

Prerequisites:
FCME or equivalent Federal Government experience.

Available Sessions