Tag: DCAA
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DCAA Audit Series – Part 6 Preparing for Your First DCAA Audit: A Practical Checklist
If you are preparing for your first DCAA audit, you may be wondering what to expect and how to prepare. Many new government contractors imagine DCAA auditors arriving unexpectedly and searching through every document they can find. In reality, a DCAA audit is generally much more organized than that. The auditors will explain what information…
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DCAA Audit Series – Part 3
SF 1408 Explained: What an “Adequate Accounting System” Really Means In the earlier articles in this series, I introduced what a DCAA audit is and what the government actually reviews. At this point, many contractors start hearing a specific phrase that feels more intimidating than it needs to be: “Do you have an adequate accounting…
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Understanding the Chart of Accounts – What Business Owners Should Really Know
When I meet with business owners, there’s always a moment I can almost predict. I’ll ask a simple question: “So, how is your Chart of Accounts set up?” There heads nod. Their faces stay calm. And they answer with confidence: “Oh yes, we have that.” But as we keep talking, the truth slowly appears. Many…
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DCAA Audit 101 for New and Prospective Government Contractors
When I first started registering my business for government contracting, I saw the term “DCAA audit” and ignored it. I thought it had nothing to do with my business. After all, I wasn’t a defense contractor, I wasn’t winning any major contracts yet, and I certainly wasn’t preparing responses to RFPs for the Department of…