Get Dcaa Contract Audit Manual

To pass the audit, your accounting system should be adequate and approved by the government under FAR Subpart 16.3. By arranging this audit, the government makes sure that it's only paying direct costs of the contract and a reasonable share of the contractor's indirect costs.

The Agency's primary function is to conduct contract audits and related financial advisory services. Contract audits are independent, professional reviews of financial representations made by defense contractors, and DCAA helps determine whether contract costs are allowable, allocable, and reasonable.

Per the DCAA contract audit manual (14-102), the objective of a post-award audit is to determine if the negotiated contract price was increased by a significant amount because the contractor did not submit or disclose accurate, complete and current cost or pricing data.

DCAA audits are trigged by a contracting officer's or administrative contracting officer's need for audit service to make decisions or regulatory requirements. DCAA does not perform audits requested by a contractor. DCAA only performs audits based on a request or established need from a federal entity.

Common DCAA Audits: Floor Checks and Material Cost Audits Verify the existence of employees who bill to the contract; Evaluate timekeeping internal control procedures; and. Evaluate the accuracy of labor hour charges to the contract.

How to Prep for a DCAA Audit Stay Prepared so You Don't Have to Get Prepared. ... Be Thorough With Time, Expenses, and Project Information. ... Align Your Accounting System. ... Ensure Proper Reporting Capabilities.

Your contracting officer will determine the need for a DCAA audit. Contracting officers can request DCAA audit services.