Pre-Award Accounting System Surveys

MillerMusmar CPAs: Your Trusted Pre-Award Accounting System Survey Partner

If your government contracting business is submitting a proposal for a cost reimbursement defense contract, DCAA will be asked by a contracting officer to audit your accounting system and complete a Standard Form (SF) 1408, Pre-award Survey of Prospective Contractor Accounting System.

At MillerMusmar CPAs, our professionals help you prepare for a successful SF 1408 audit process. Our GovCon accountants and consultants assist government contractors in evaluating their accounting process in critical areas including timekeeping, billing, and cost allocation, gathering required documentation, addressing any weaknesses, and more.

SF 1408 Audit Preparation Services

A Pre-Award Survey of Prospective Contractor Accounting System, otherwise known as an SF 1408, is a form used by the U.S. Government to evaluate the readiness of a potential government contractor’s accounting system.

To successfully complete the SF 1408 survey, government contractors must provide information about their internal accounting systems, including:

• Whether their financial statements are accrual basis and GAAP-compliant
• Ability to segregate direct and indirect costs
• A consistent method of allocating indirect costs to contracts
• A robust timekeeping system that enables labor to be tracked against contracts
• And much more

At MillerMusmar CPAs, we assist companies at all stages of their Pre-Award Accounting System Audits, from helping you build the necessary systems to reviewing and refining accounting policies and procedures in your organization.