DCAA Compliance Blog

Your Source for DCAA News and Information for Contractors

ReliAscent® LLC is the only government contract accounting firm that specializes in all aspects of government contracting compliance.  From our DCAA compliant accounting services, to monthly government contract accounting for all government agency awards, contract management & administration, and financial services & planning, our goal is to ensure the success of our clients, and all small business government contractors and grantees.  

In our DCAA Blog, we discuss the latest government contracting news from the Federal Government, the DCAA, and DCMA, as well as promotions offered by ReliAscent, and helpful tools and resources for contractors.

We hope you will visit and take part in the discussions on our blog on a regular basis. If you ever have any questions or would like to discuss how our experts can help, do not hesitate to contact us at any time!  


 

Single and Program Specific Audit Deadlines Looming...

Posted by Tyler Link on Wed, Jun 15, 2016 @ 12:00 PM

ReliAscent would like to remind Federal Contractors and Grantees that yet another critical audit deadline is approaching at the end of the month.  This may affect your business---and thousands of small businesses across the country are not even aware of it (or what could happen if they do not undergo their audits in the coming weeks).

If your small business or non-profit expended $750,000 or more, in total, from any form of Federal Government awards (grants or contracts), you are required to have a single or program specific audit under CFR Part 200 Subpart F of the Uniform Administrative Requirements.  For entities receiving DOE awards, the deadline for this audit is six months after your fiscal year end.  For entities receiving NIH awards, the deadline is nine months after your fiscal year end.  DoD contractors will be audited by the DCAA, but other agencies put the burden of audit on the awardee.  You should check the wording in your award to be sure.

For those organizations needing audits, ReliAscent would like to remind our clients and all contractors & grantees, that we highly recommend our partner, the accounting and audit experts at Clausen & Associates CPA. Clausen's experts can help your business get through this stressful process, and ensure your business stays compliant with Federal Government Requirements.

Time is almost out (especially if your award(s) came from the DoE or other agencies outside of HHS), so make sure to contact Clausen CPA as soon as possible! Even if your awards originated with the HHS, now is not too early to talk with an audit professional.

If you are not sure, ReliAscent would be happy to help you review the requirements in your award documents to see where your obligations may lie.  Please don’t hesitate to contact us for this help.

Topics: DoE Program Specific Audit, Federal Government Program Specific Audits, nih audit, NIH Program Specific Audit, single program audit, Clausen & Associates CPA