by GovCon365 | Aug 6, 2020 | Blog, Compliance, DCAA
SUMMARY: Government contractors can ensure readiness for the SF 1408 Pre-Award Survey by rigorously evaluating their accounting systems against DCAA standards and leveraging specialized checklists to identify compliance gaps. Organizations must verify that their...
by GovCon365 | May 21, 2020 | Blog, DCAA
SUMMARY: Government contractors must distinguish between the design-focused SF 1408 survey and the comprehensive, transaction-based Accounting System Review (ASR) to ensure compliance with DCAA standards and secure federal funding. The SF 1408 Pre-Award Survey...
by GovCon365 | Apr 16, 2020 | Blog, Compliance, DCAA
SUMMARY: The SF 1408 pre-award survey functions as a critical evaluation tool for the Defense Contract Audit Agency (DCAA) to verify that a government contractor’s accounting system can accurately accumulate and allocate costs before a contract is awarded....
by GovCon365 | Dec 26, 2019 | Blog, DCAA, Government Contracting
SUMMARY: Government contractors must strictly adhere to volatile federal accounting regulations and maintain constant audit readiness to ensure compliance and avoid costly operational disruptions. Accounting standards for contractors are denser and more erratic than...
by GovCon365 | Dec 19, 2019 | Blog, Compliance, DCAA
SUMMARY: Government contractors achieve DCAA compliance and eliminate operational errors by transitioning from traditional paper timesheets to versatile electronic time-tracking systems. Cloud-based platforms allow off-site employees to log direct or indirect hours,...
by Pedro Diaz | Nov 21, 2019 | Blog, Compliance, DCAA
As a new government contractor, you might be preparing for your first DCAA compliance audit. If so, you’re likely getting your various business units to run through programs, recheck financial/accounting software, and make sure everything is prepared for when...
