Posts Tagged ‘DCAA Approval’
What Does It Take to be DCAA Compliant? 5 Things You Need to Know
As a government contractor, maintaining compliance with the Defense Contract Audit Agency (DCAA) is crucial for the success of your business. The DCAA is responsible for auditing and evaluating government contracts, and ensuring that contractors are adhering to strict regulations and accounting principles. Non-compliance can result in serious consequences, including contract termination and financial penalties.…
Read MoreWhat is the DCAA? All You Need To Know as a Government Contractor
The DCAA, or Defense Contract Audit Agency, provides audit and financial advisory services to the DoD and other federal entities responsible for acquisition and contract administration to ensure the government gets the best value for every dollar it spends on defense contracting. DCAA operates under the authority, direction, and control of the Secretary of Defense…
Read MoreHow to Prepare for DCAA Pre-Award Survey
If you are new to government contracting, prior to being awarded a flexibly priced contract, your contracting officer will request that DCAA perform a Pre-Award Survey to ensure your accounting system is adequate to account for government contracts. As you’re bidding on contracts, you’ll frequently be asked to provide a copy of an audit by…
Read MoreGraduate Certificate in Accounting for Government Contracts Soon Available at George Mason University
At CPA Department, we bring to the table over 30 years of experience in Government Contract Consulting. We have long partnered with government contracts in order to not only assist with financial decisions, audits, and taxes, but also to help fulfill the unique needs in the field. Since it is vital for government contractors to…
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