Government Compliance Accounting Systems

Government Compliance Accounting Systems

Thursday, March 14, 2024 10:00 AM to 10:50 AM · 50 min. (America/Los_Angeles)
Meeting Room 318
Breakout Session 1
Federal Contracting

Information

Join Defense Contract Audit Agency (DCAA) as we break down government compliant accounting systems, Cost Accounting Standards, and FAR Cost Principles as barriers to entry for small businesses looking to enter the Defense Industrial Base. During this presentation, DCAA will look at the types of contract awards and the requirements for each, as well as the common misconceptions of FAR, CAS, and TINA.
Defense Contract Audit Agency502DCAA provides audit and financial advisory services to DoD and other federal entities responsible for acquisition and contract administration. DCAA’s role in the financial oversight of government contracts is critical to ensure DoD gets the best value for every dollar spent on defense contracting. DCAA operates under the authority, direction, and control of the Under Secretary of Defense (Comptroller)/Chief Financial Officer. Its work benefits our men and women in uniform and the American taxpayer. The Agency’s primary function is to conduct contract audits and related financial advisory services. Contract audits are independent, professional reviews of financial representations made by defense contractors, and DCAA helps determine whether contract costs are allowable, allocable, and reasonable.

Documents & Links

Government Compliance Accounting Systems Presentation

Registered attendees

John Sullivan
John Sullivan
Contracting OfficerNAVSEA