Surviving a DCAA Audit The Accounting System

DCAA --- You heard the stories and now it is time for the truth.....and some help.The first comprehensive guide to preparing and surviving an audit of your accounting system by the Defense Contract Audit Agency (DCAA) or other government auditors. Government regulations require contractor's accounting system to comply with government requirements to include capturing and allocating all costs before receiving many types of government contracts. Normally, the government sends out DCAA or other auditors to evaluate the contractor's accounting system. Sometimes the government does not wait and issues the contract anyway.In either case, before or even after the contractor begins work on the contract, an inadequate accounting system may result in lost contracts or withholding payments to the contractor.This book is your gateway to the knowledge and resources you need to avoid problems with DCAA and the government, to insure an accounting system that provides the answers you need to make the best decisions, and to receive the approved accounting system the government requires.191 pages with a glossary of key government contracting terms and an index.