What is DCAA Compliance? ; Being DCAA compliant means following the agency’s recommendations and guidance so that you remain compliant with federal law and are prepared for audits. The DCAA is a federal agency under the U.S. Department of Defense. It is responsible for performing financial and accounting audits of government contracts. The primary mission of DCAA is to ensure that government funds are spent efficiently and in compliance with established regulations. DCAA audits cover a wide ra...
" Perhaps one of the most important concepts to understand is that the term "DCAA approved accounting system" is a misnomer (no accounting software is "DCAA certified" or "approved"). There...
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What is DCAA compliance? ; When you obtain a government contract, DCAA (Defense Contract Audit Agency) is obliged to ensure your company follows the necessary timekeeping and accounting rules. On your part, this means your company should comply with the DCAA requirements to make it easier for the agency to assess you. Observing these rules is known as DCAA compliance. The DCAA timekeeping requirements regulate the documentation of employee working hours. In the government's eyes, time tracking d...
Gov-Con has passed many DCAA Audits over the past 10 years using QuickBooks Online ® and our GovCon Connect Software!! DCAA for QuickBooks Online ®/GovCon Connect provides Full Job...
Defense Contract Audit Agency Solution ; The auditing standards that the DCAA created have now been adopted for some projects by a number of US-based agencies including Homeland Security, the Department of Energy (DOE) the Department of Transport (DOT) and others. These standards can also be imposed on sub-contractors to those who must comply with DCAA standards even when those sub-contractors are outside of the US. The DCAA does not endorse specific software or make recommendations on any parti...
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request DCAA to perform a Preaward Accounting System Audit SF 1408 Checklist and Assertion One Agency, One Team, One Direction Page | 11 Preaward Accounting System Audit Objectives Is the...