Hire DCAA Consulting For Government Projects - PowerPoint PPT Presentation

About This Presentation
Title:

Hire DCAA Consulting For Government Projects

Description:

The main function of the Defense Contract Audit Agency (DCAA) is to enter into contracts and financial audits for institutions responsible for the acquisition and administration of contracts for the US Government. – PowerPoint PPT presentation

Number of Views:15

less

Transcript and Presenter's Notes

Title: Hire DCAA Consulting For Government Projects


1
DCAA CONSULTING LLC Email dcaaconsulting_at_gmail.co
m Phone 336-880-9040
DCAA CONSULTING LLC
  • To minimize abuse and fraud, the federal
    government tightened compliance regulations and
    increased penalties for companies that failed to
    comply with procurement regulations such as those
    from DCAA. Operating with compliance is no longer
    considered a best practice it is now a
    requirement that can be both challenging and
    time-consuming. For this reason, DCAA Audits can
    be a tense moment for government contractors.
    However, it doesn't have to be. We provide
    government contractors with the accounting and
    financial management support they need to ensure
    full DCAA compliance and avoid the impact of
    failed audits. Our highly experienced DCAA
    compliance consulting professionals use
    industry-proven best practices and advanced
    technology software packages to help contractors
    meet today's challenges.

2
DCAA CONSULTING LLC Email dcaaconsulting_at_gmail.co
m Phone 336-880-9040
Accurate and accurate recording of time is very
important to maintain compliance and is one of
the main pillars of an obedient accounting
system. DCAA's timeliness requirements are very
demanding, tedious, and require procedures that
are carefully followed. The Defense Contract
Inspection Agency (DCAA) is a person who complies
with the regulations and Timing is no exception.
The importance of DCAA timekeeping compliance
cannot be understated. Managers rely on
individual employees to track working hours or
other internal systems that provide documentation
for working hours. However, employees make
mistakes and can commit fraud and even though the
internal system can provide accurate working
hours, it may not be sufficient or meet the
standards required by DCAA.
3
DCAA CONSULTING LLC Email dcaaconsulting_at_gmail.co
m Phone 336-880-9040
  • Direct cost rates are tariffs that can be easily
    quantified in a contract. This includes material
    costs, wages for workers who are directly
    assigned to a project, subcontractors, etc. while
    DCAA indirect costs are tariffs that cannot be
    calculated without hard work. Indirect cost rates
    are also known as indirect rates or Facility and
    Administration rates (F A rates). Even though
    the Federal Acquisition Regulation (FAR) will
    recognize indirect rates that are logically
    grouped. If your business needs to know its
    indirect level to receive federal grants or
    contracts, specialists who handle your contract
    must contact the right organization because it
    becomes clear that your organization may receive
    contracts or grants. It is recommended that you
    contact an accountant with experience with a
    federal contract to prepare an indirect proposal.

4
DCAA CONSULTING LLC Email dcaaconsulting_at_gmail.co
m Phone 336-880-9040
  • The main function of the Defense Contract Audit
    Agency (DCAA) is to enter into contracts and
    financial audits for institutions responsible for
    the acquisition and administration of contracts
    for the US Government. The Defense Contract Audit
    Agency (DCAA) provides audit services and
    financial advisors to the Department of Defense
    (DoD) and other federal entities responsible for
    acquisition and administration of contracts. DCAA
    operates under the authority, direction and
    control of the Deputy Secretary of Defense
    (Financial Supervisor) / Chief Financial Officer.
    DCAA Audit is a very vital part of the
    acquisition process for the Department of Defense
    (DOD) and certain other institutions. Their
    charter is to ensure that taxpayers' money is
    spent responsibly and ethically by conducting
    audits that ensure the validity of costs during
    the acquisition process.

5
ADDRESSEdward D. Moore, CPA dcaaConsulting LLC
Email dcaaconsulting_at_gmail.com Alternate
Email emoore_at_dcaaconsulting.com Phone
336-880-9040Website http//www.dcaaconsulting.co
m
DCAA CONSULTING LLC Email dcaaconsulting_at_gmail.co
m Phone 336-880-9040
Write a Comment
User Comments (0)
About PowerShow.com