Many federal contract awards are contingent upon a successful evaluation of a contractor's accounting system and their ability to meet all established requirements, follows specific written accounting policies, and maintains an accounting system that can perform specific cost, timekeeping, and billing functions.

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The DCAA performs contract audits for the U.S. Department of Defense (DOD) and financial advisory services regarding contracts and subcontracts to DOD and other federal entities responsible for acquisition and contract administration.

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This is your opportunity to learn, first hand from the DCAA, targeted and in-depth information regarding regulatory criteria for establishing an adequate accounting system, the DCAA's audit process, proposal adequacy, provisional billing rates and how to establish them, and the responsibilities of a prime contractor and subcontractor requirements. In addition the new topic of Indirect Rates and Allocation Base will be discussed. 

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