For cost reimbursement type awards, the Federal Government is very specific about how a company conducts and records their business transactions. The government is merely trying to protect itself from paying for excessive goods and labor that are not related to, or not necessary for, the goods and services being procured. For some agencies, the government will also send a government auditor, usually from the Defense Contract Audit Agency (DCAA), to verify that the contractor's business is set up and operating to these regulations. The DCAA uses a standard form called the SF 1408, when they do a preliminary evaluation. The DCAA follows the requirements of the DCAA Contract Audit Manual (DCAM) to perform all audits. Click here to see the DCAA Contract Audit Manual.
To request your review, complete the form on the the right, and one of our experts will contact you shortly.
ReliAscent® will review a small business system using the SF 1408 as a guideline to verify that the system is prepared to pass a DCAA audit (to learn more about the SF 1408 and the requirements of a DCAA compliant accounting system, download our white paper, "A Quick Guide the DCAA Compliant Accounting System").
This review can be done either remotely or on-site. The confidence level of doing an on-site review is always higher than doing a remote review, since ReliAscent® is somewhat limited in what they can review when conducting this review remotely.
For immediate attention, call us today, to discuss the specifics of your situation and get a quote for an SF 1408 review.