What in the Sam Hill is “FAR compliant” accounting software?

The Federal Acquisition Regulations (FAR) is comprised of 53 Parts, including three “reserved” parts that are without content.  So, what in the many volumes of regulations contained in the other 50 parts and subparts relate to a “compliant” cost accounting system? The long answer is that references to the Cost Accounting...

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Preparing for a DCAA Accounting Systems Adequacy Audit

As a government contractor, your first face-to-face interaction with a DCAA auditor will likely be an Accounting Systems Adequacy Audit (Pre-award Survey). The audit does exactly what the title states. DCAA will be looking at your processes and systems to determine if your accounting systems, policies, and procedures are...

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