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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 ... Read the Blog

November, 30 2022

Business Systems and Federal Audit Compliance

DCAA Audits Government Contractor Accounting Business Systems

When it comes to your business systems and related audits, you may be surprised to know that such systems extend beyond your accounting/financial system. Read the Blog

September, 30 2022

Checking Your CPA Firm's Independence

DCAA Audits CPA

Independence is key to the public accounting & auditing profession; a necessary part of the statutory corporate reporting process, & the cornerstone for creating value from an audited ... Read the Blog

May, 25 2022

The DCAA Incurred Cost Submission – Your Government Contract 1040

DCAA Audits DCAA Incurred Cost Submission

The DCAA Incurred Cost Submission is your Government Contractor “Form 1040”. Learn all about submitting this document on time with SYMPAQ's custom DCAA template. Read the Blog

March, 24 2022

DCAA FAR 31.205 Cost Principles Guidebook for Allowability

DCAA Audits DCAA Accounting

The Defense Contract Audit Agency (DCAA) has recently published a Guidebook designed to better explain 'allowability' of costs in a well organized, 75 chapter document. While there are still a few ... 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 ... Read the Blog

July, 01 2021

SF 1408 Evaluation Checklist - The Big Question

DCAA Audits SF 1408

SF 1408 - Adequacy Checklist - The back page of the Standard Form 1408 features the evaluation checklist that DCAA auditors use to determine the 'adequacy' of a contractor's accounting system. There ... Read the Blog

August, 11 2020

Service Contract Act Travails

DCAA Audits Accounting Software Business Tips

When it comes to the workforce, government contractors must be aware of regulatory minefields to avoid fines, debarment, and even jail time. To complicate things further, the Department of Labor ... Read the Blog

January, 09 2020

Tips for Reducing Audit Costs

DCAA Audits Capability Audits Business Tips

Is your business seeking ways to reduce expenses? Check out a few tips you can use to reduce audit costs and save money. Read the Blog

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