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

November, 01 2024

Are You Ready for Cybersecurity Maturity Model Certification?

cybersecurity

After several fits and starts over the past five years, the Department of Defense (DoD) finally issued its final ruling on October 15 for CMMC 2.0 compliance. This final rule coincides with October wh[...] Read the Blog

October, 04 2024

Accounting Software for GovCons: Many Choices but Few Options

DCAA Audits Accounting Software

Accounting Software for GovCons: Many Choices but Few Options Read the Blog

September, 04 2024

What is a "Value Added" General & Administrative Rate?

DCAA Audits Government Contractor Business Tips DCAA Small Government Contractor accounting system

When it comes to General and Administrative (G&A or SG&A) expenses, businesses of all types incur G&A expenses. Unlike Overhead which includes pooled indirect costs that are not identifiab[...] Read the Blog