Are You Ready for a DCAA Audit?

This webinar will elaborate the federal contracting process and train attendees on Defense Contract Audit Agency (DCAA) audit guidelines.

Why Should You Attend:

The DCAA audit plays a vital role in the federal contracting process. Companies should know what to expect when DCAA comes to perform an audit. It’s important to know what DCAA looks for and what can hurt the chance of winning a contract.

This webinar will enumerate the reasons DCAA performs audits for government contracts. Participants will learn how to thoroughly prepare for a DCAA audit in order to win government contracts. Additionally, it will cover essential elements like developing an adequate and compliant accounting system as per Federal Acquisition Regulations (FAR), Defense Federal Acquisition Regulations Supplement (DFARS), and Generally Accepted Accounting Principles (GAAP) guidelines.

Areas Covered in the Webinar:

• Developing adequate pricing for contract bids
• Understanding direct and indirect costs
• Developing cost pools and allocation bases
• Developing indirect rates
• Developing an adequate and compliant accounting system per DFARS, FAR, and GAAP
• What happens during a DCAA audit/What DCAA looks for
• Developing adequate written policies and procedures
• Maintaining adequate labor records

Who Will Benefit:

• Business development personnel
• Small business owners
• Contracts managers/personnel
• Bid/estimating personnel
• Accounting personnel
• Internal and external auditors
• Contract personnel with companies currently bidding on government contracts
• Company executives/management