Government Contract Audit Agencies

The Defense Contract Audit Agency (DCAA), with an audit staff of more than 3,900 professionals, is the largest audit entity of the Federal Government. The DCAA performs the audits for all Department of Defense contracts. The DCAA is not alone.  Depending on the contract or contracts your company is involved with, other government agency auditors will place demands on your company.

With proven financial expertise, the government contracting consultants at MillerMusmar CPAs can assist your company in maintaining a working relationship with government contract auditors. Our experience and training will ensure that your company’s best interests are represented during a government audit.

DCAA

If you need assistance with Defense Contract Audit Agency (DCAA) services, you need a CPA firm that brings years of experience navigating the stringent regulatory requirements and complex audit processes mandated by federal agencies. By partnering with MillerMusmar CPAs, you will gain access to seasoned professionals who understand the intricacies of DCAA compliance, ensuring that financial systems, cost proposals, and incurred cost submissions meet rigorous standards. Moreover, the MillerMusmar CPAs accounting team are proficient in DCAA services and provide invaluable support in preparing for audits, conducting internal compliance reviews, and implementing best practices that satisfy current requirements while also anticipating future regulatory changes. This proactive approach not only safeguards government contractors against potential audit findings, but also enhances operational efficiency.

DCAA COMPLIANCE

We specialize in DCAA compliance for government contractors. We believe that each client needs to be fully prepared for all aspects of DCAA compliance. Our goal is to prepare clients for audit readiness by ensuring a DCAA compliant accounting system, written accounting policies and procedures, and knowledgeable staff who understand how to enforce compliance.

Accounting System Review

An accounting system review by DCAA evaluates the design of an accounting system to determine if it is acceptable for performance on a prospective contract.   It is one of the most important compliance audits that DCAA administers, and it is instrumental in enabling organizations to do business with the U.S. Government. If your firm does not have a system in place, we can assist in DCAA compliant software systems selection and integration.

Our GovCon team can help ensure that your accounting system is in full operation and ready for a DCAA audit.

We will assist you with all of the necessary steps required to receive an approved accounting system. These include:

  • Form SF-1408 Preparation
  • Written Accounting Policies and Procedures
  • US GAAP Compliant Financial Statements
  • Segregation of Direct and indirect Cost pools
  • Timekeeping: Choosing the right timekeeping system that identifies employees’ labor by intermediate or final cost objective.
  • Plus ongoing support

Incurred Cost Submissions (ICE)

Our staff is experienced in preparing incurred cost submissions for government contracting clients.  This comprehensive and complex report requires detailed financial data inputted into a standardized workbook provided by DCAA that needs to be submitted by June 30th each year for calendar year organizations.

Timekeeping Audits

We can assist our clients in the development of timekeeping policies and procedures, and we can also provide training and support to maintain a timekeeping system that is DCAA-compliant. We also support DCAA timesheet “floorcheck” audits and help with mock audits in preparation for timesheet audits.