Blog

Subscribe to our Blog

Reduction in Proposal Audits to be Offset in Other Areas

In late 2010, DoD procedures were amended and will likely result in fewer proposal audits. However, this good news comes with a dark cloud. The reduction in proposal audits is likely to be countered by an increase in other DCAA audits. Accounting firm Cherry, Bekaert, & Holland listed a few areas that may come under increased DCAA scrutiny. Two that caught our attention are:

  • Be more aggressive in regard to system and internal control audits.
  • Increase its scrutiny of incurred cost submissions.

SYMPAQ resolves both of these issues. Every transaction in SYMPAQ is logged, posted and available for audit review in one database. Likewise, all the data elements necessary for an ICE submission are contained within SYMPAQ. You won't need to collate data from disparate sources and manually wrangle with complicated spreadsheets to calculate indirect rates that you hope are correct. If you use SYMPAQ, you know the numbers come from a reliable accounting tool that was engineered specifically to produce data for this particular purpose.

Recent Blogs

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

July, 16 2024

To Allow or Not To Allow, That is the Question

An associate of mine recently asked me if, in my opinion, H1B visa application costs are allowable and recoverable. After thinking about it for a few seconds, I answered "yes" although there is no spe[...] Read the Blog

July, 08 2024

Accounting System Audits: A Laser-Focus on the Audit Trail

DCAA Audits Accounting Software FAR Compliance

To provide the details the auditors sought, SYMPAQ features in-depth audit logs for both accounting and timekeeping transactions. Read the Blog