Blog

Subscribe to our Blog

IG gives DCAA a bad report card - again

In a recent report to the Director, Defense Contract Audit Agency the Inspector General wrote in its memorandum, "We found that the Defense Contract Audit Agency (DCAA) did not exercise professional judgment in performing 37 (74 percent) of the 50 FY 2010 assignments reviewed."

Not exactly what the DCAA needed to hear after making reforms to their audit methodologies in 2009, which came on the heels of a scathing report issued by the IG in 2008.

Here is a related article with a link to the 90+ page IG report: DCAA gets its own bad review

Recent Blogs

March, 01 2024

When can we be up and running on your software?

Insider Accounting Software

How long will it take to implement your software? The truth of the matter is that we just don't know. There are so many factors that play into the duration (and price) of setting up a new accounting s[...] Read the Blog

February, 06 2024

Year-end Tax Form Filing  - Is it 10 of each or 10 in total?

Accounting Yearli

We have more than ten W2s to file but fewer than ten 1099s, so shall we file the W2s electronically and file the 1099s using paper forms? Read the Blog

February, 04 2024

Fixed Price Contracts and Cost Accounting Requirements

DCAA Audits DCAA Incurred Cost Submission

Sometimes government contractors say to us, 'Our government business is firm fixed price, so we’re not subject to audits.' While fixed-price contracts may not require DCAA incurred cost audits, you st[...] Read the Blog