What is an Adequate Accounting System? 10 Questions to Determine if Your Accounting System is Adequate for Government Contracts

adequate-accounting-system

In many cases, having an “adequate accounting system” is an integral part of successfully winning and performing on Federal contracts. Many companies find it challenging to determine when accounting system requirements are triggered and how to navigate obtaining a determination of adequacy.  Our clients and prospects unanimously have the same questions.  Since these questions are…

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Key DCAA Terms to Understand for Contractors

glossary of key dcaa terminology

The Defense Contract Audit Agency (DCAA), part of the United States Department of Defense (DoD), performs  audits of DoD contractors to ensure the best value for money the agency spends on defense contracting. As part of its auditing services, DCAA will review a contractor’s accounting and business systems to ensure the contractor is able to…

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What Happens During a Pre-Award Survey With DCAA?

government contractor preparing for pre-award survey with DCAA

If you’re a contractor who has submitted a proposal to work with the Department of Defense (DoD), you will have an audit done by the Defense Contract Audit Agency (DCAA) before the contract is awarded. A Pre-Award Audit typically includes the audit of the pricing in the proposal the contractor submitted as well as a…

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How to Prepare for DCAA Pre-Award Survey

How to Prepare for the 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…

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