When a Small Business contracts with the Department of Defense, NASA, or the Department of Homeland Security (and potentially other agencies), they are often required to have a DCAA compliant accounting system. While there are many components of a compliant system (just as there many types of DCAA audits), the underlying procedure for assessing a contractor’s system is guided by the Standard Form (SF) 1408 (also known as the “Preaward Survey of Prospective Contractor Accounting System”), seen here below:Read More
DCAA Compliance Blog
Your Source for DCAA & FAR Compliance News and Discussion
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!
It's SBIR season again, and ReliAscent would like to remind contractors that the DoD 2018.1/A SBIR/STTR BAA closes on February 7th.Read More
With the DoD SBIR 2017.2 awardee selections now being released, and the 2017.3/C SBIR/STTR Announcements opening in just two weeks (9/26/17), ReliAscent would like to remind all defense contractors and small businesses to download a copy (if you haven't already), of our helpful white paper:Read More
It is surprising to me how the word audit can create such fear in people. I think either a previous bad experience or just hearing of someone else having a bad experience in an audit probably fuel that fear. Also, the conventional wisdom about IRS audits don’t help give the word a positive feel. I don’t think that an audit needs to be such an anxiety problem, if properly prepared for. Specifically, I want to talk about a DCAA Audit here. We have talked about this in the past in some of our blogs, and even have several tools on the website to help people prepare for this. I thought today we can expound on this to try and resolve or reduce some of the fear associated with the word itself.
If you are like me, a picture is worth a thousand words, and a moving picture is worth a thousand pictures. I am visually oriented and I think many people in today’s world are the same way. Some of us come by this naturally and others may be conditioned to this by the exploding digital and media technologies. Regardless, it has never been easier to view a video on just about any topic you want. Heck, they even make video cameras small enough to strap to our heads to record risky and or spectacular feats that some of us might be enticed to perform. The bottom line is that our current culture likes to view video. It is not only a means of entertainment, it is also a way of learning that was not available in the past.
We have had some internal discussions lately here and think it might be helpful to share some of our experiences of signs that an accounting system is not compliant with DCAA requirements. This is based on experience of looking at a lot of different systems, participating in many DCAA audits, not only in past careers but for clients, and day to day experiences working with these systems.