Were you aware that winning and performing a federal government contact was only part of being a successful government contractor? Many federal contract awards are contingent upon the determination of whether a contractor's accounting system meets the established requirements, follows specific written accounting policies, and maintains an accounting system that can perform specific cost, timekeeping, and billing functions. Agencies conduct unique "financial health" audits prior to awarding some contracts. Be proactive and be prepared!
This presentation will provide an overview of the Defense Contract Audit Agency including the responsibilities and duties. The types of DCAA audits that can be performed throughout the various phases of a contract will be discussed. Finally, participants will learn about the DCAA Internet resources and presentations that are available.
Along with an DCAA Overview, the following topics will also be presented:
Incurred Cost Submissions
The presentation will provide an overview of the requirements for submitting annual incurred cost submissions to the Government. The training will focus on the due date requirements for the annual submission and what constitutes a delinquent submission. Participants will learn about the DCAA Incurred Cost Adequacy review process and the required schedules to be included within the incurred cost submission. The DCAA Incurred Cost Electronically (ICE) model that provides contractors with a standard user-friendly electronic package to assist in preparing timely and adequate incurred cost submissions will be covered as well. The presentation will also cover common deficiencies that may be identified within the incurred cost submissions.
What: DCAA Overview & Incurred Cost Submissions Webinar
When: Tuesday, April 27, 2021
Time: 10:00 a.m. – 12 Noon