DCAA Reviews – Requirements and Common Deficiencies

DCAA Reviews – Requirements and Common Deficiencies

Join DCAA Representatives for this discussion of DCAA Reviews!

Audits of cost assertions and their supporting business systems are a routine part of US Government contracting for those pursuing or awarded cost reimbursable contracts or contracts requiring submittal of certified cost or pricing data.  The plethora of regulatory requirements and expectations makes compliance, at best, a complex endeavor.  These sessions will address requirements and common deficiencies associated with cost assertions and their supporting business systems subject to DCAA review.  DCAA specialists will discuss solicitation and contractual requirements, audits, and common deficiencies.  These sessions will help contractors understand their compliance requirements.

Sessions 1-4 – October 3, 10, 17, 24
Forward Pricing Proposals and Estimating Considerations

• Session 1 – Direct materials and services
• Session 2 – Direct labor hours, mix, and rates, and other direct costs (ODCs)
• Session 3 – Indirect costs and rates
• Session 4 – Estimating system internal controls

Session 5-6 – Oct 31, Nov 7
Incurred Cost Issues

• Incurred cost submission audits
• Public vouchers & progress payments
• Other incurred cost audits

Session 7 – Nov 14
Special Audits

• Truthful Cost & Pricing Data
• Cost Accounting Standards

Session 8 – Nov 28
Accounting Systems

• Accounting system
• Materials Management and Accounting System (MMAS)

Learn more about Defense Contract Audit Agency audits by joining Bill Walter, of FORVIS Government Contracting, and a rotating cast of DCAA representatives as they discuss the business systems and other topics critical to a successful DCAA review. Interested in learning more about government contracts accounting?  Take a look at our full library of accounting-related government contracts training here!  Or join Preparing for a Federal Audit, beginning August 1st, 2023!  And keep an eye out for PCI’s Public Contracting Update Symposium in November (Virtual) and February (Space Coast Florida), also with Defense Contract Audit Agency representation.