50 likes | 70 Views
The main function of the Defense Contract Audit Agency (DCAA) is to enter into contracts and financial audits for institutions responsible for the acquisition and administration of contracts for the US Government.
E N D
DCAA CONSULTING LLC Email: dcaaconsulting@gmail.com Phone: 336-880-9040 DCAA CONSULTING LLC To minimize abuse and fraud, the federal government tightened compliance regulations and increased penalties for companies that failed to comply with procurement regulations such as those from DCAA. Operating with compliance is no longer considered a best practice: it is now a requirement that can be both challenging and time-consuming. For this reason, DCAA Audits can be a tense moment for government contractors. However, it doesn't have to be. We provide government contractors with the accounting and financial management support they need to ensure full DCAA compliance and avoid the impact of failed audits. Our highly experienced DCAA compliance consulting professionals use industry-proven best practices and advanced technology software packages to help contractors meet today's challenges.
DCAA CONSULTING LLC Email: dcaaconsulting@gmail.com Phone: 336-880-9040 Accurate and accurate recording of time is very important to maintain compliance and is one of the main pillars of an obedient accounting system. DCAA's timeliness requirements are very demanding, tedious, and require procedures that are carefully followed. The Defense Contract Inspection Agency (DCAA) is a person who complies with the regulations and Timing is no exception. The importance of DCAA timekeeping compliance cannot be understated. Managers rely on individual employees to track working hours or other internal systems that provide documentation for working hours. However, employees make mistakes and can commit fraud and even though the internal system can provide accurate working hours, it may not be sufficient or meet the standards required by DCAA.
DCAA CONSULTING LLC Email: dcaaconsulting@gmail.com Phone: 336-880-9040 Direct cost rates are tariffs that can be easily quantified in a contract. This includes material costs, wages for workers who are directly assigned to a project, subcontractors, etc. while DCAA indirect costs are tariffs that cannot be calculated without hard work. Indirect cost rates are also known as indirect rates or Facility and Administration rates (F & A rates). Even though the Federal Acquisition Regulation (FAR) will recognize indirect rates that are logically grouped. If your business needs to know its indirect level to receive federal grants or contracts, specialists who handle your contract must contact the right organization because it becomes clear that your organization may receive contracts or grants. It is recommended that you contact an accountant with experience with a federal contract to prepare an indirect proposal.
DCAA CONSULTING LLC Email: dcaaconsulting@gmail.com Phone: 336-880-9040 The main function of the Defense Contract Audit Agency (DCAA) is to enter into contracts and financial audits for institutions responsible for the acquisition and administration of contracts for the US Government. The Defense Contract Audit Agency (DCAA) provides audit services and financial advisors to the Department of Defense (DoD) and other federal entities responsible for acquisition and administration of contracts. DCAA operates under the authority, direction and control of the Deputy Secretary of Defense (Financial Supervisor) / Chief Financial Officer. DCAA Audit is a very vital part of the acquisition process for the Department of Defense (DOD) and certain other institutions. Their charter is to ensure that taxpayers' money is spent responsibly and ethically by conducting audits that ensure the validity of costs during the acquisition process.
DCAA CONSULTING LLC Email: dcaaconsulting@gmail.com Phone: 336-880-9040 ADDRESSEdward D. Moore, CPA dcaaConsulting LLC Email: dcaaconsulting@gmail.com Alternate Email: emoore@dcaaconsulting.com Phone: 336-880-9040Website: http://www.dcaaconsulting.com