Standard Form 1408 In Plain English
Presented by Aldebaron, Inc.
Standard Form 1408 is used by The Defense Contract Audit Agency to determine the acceptability of your accounting system for use in collecting costs and billing your federal government customers while performing work on flexibly priced contracts. Federal acquisition regulatory accounting concepts that govern federal contracts are not easily understood.
In this white paper, we have taken Section II of the official form by each checklist element and explained its meaning in plain English. We hope this will be of benefit as you prepare for your first Pre-Award audit.
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