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DCAA Audit Backlog

With a heavy emphasis on pre-award surveys, ostensibly to ensure that a government contractor has a compliant cost accounting system in place, the DCAA has become seriously backlogged in trying to keep up with its review of Incurred Cost Submissions.

"DCAA already has a backlog of $560 billion in unaudited contracts that agencies have already paid, called incurred cost audits."

Recent Blogs

November, 19 2021

Handling Unallowable Costs in your Accounting Books of Record

SYMPAQ Benefits Business Tips Indirect Costs

Do you have the systems in place to identify and record 'unrecoverable' costs in a segregated way so that they do not become co-mingled with allowable costs that can be recovered? Read the Blog

October, 14 2021

October is Cybersecurity Awareness Month but We're "Aware" Year-round

Government Contractor SYMPAQ Benefits Business Tips

You can't let your guard down when it comes to cybersecurity. Cyberattacks take place every eleven seconds on average, so you need to be sure your software works around the clock to stay secure. Read the Blog

September, 23 2021

Labor Distribution 101

DCAA Audits SYMPAQ Benefits Business Tips

If you have a fully functioning labor distribution system that enables the accurate recording of both direct and indirect labor charges and can also accommodate uncompensated overtime for salaried sta[...] Read the Blog