DCAA performs contract audits for the U.S. Department of Defense (DOD) and provides accounting and financial advisory services regarding contracts and subcontracts for Acquisition and Contract Administration.

 

Many federal contract awards are contingent upon successful evaluation of a contractor’s accounting system and their ability to meet all established requirements.

 

Part 1: October 2, 2024 at 9 a.m. - 12 p.m. MDT

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Join EPCC APEX Accelerators and Defense Contract Audit Agency as we break down the essential details of government contracting and compliance. During part one of this two part series, we will discuss why the types of solicitations you resond to can drive your level of need to be FAR compliant. We will also discusss the federal regulations that define an acceptable accounting system, evaluate the minimum requirements of the SF 1408 criteria, and learn how small businesses can prepare for this type of audit. Finally, during part one, find out how DCAA determines the adequacy of your pricing proposal submissions, as we walkthrough all the cost elements, while also breaking down the need for cost versus price analysis.

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Part 2: October 23, 2024 at 9 a.m. - 12 p.m. MDT

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​Join us as we return for part two of this boot camp series and walkthrough incurred cost submissions, the DCAA Incurred Cost Electronic (ICE) model, and our adequacy review process. Additionally, we will discuss indirect cost and rates including defining an indirect cost, building your pool and base structures, and how to allocate those indirect expenses. Learn why Provisional Billing Rates (PBRs) are an essential component of your billing structure, as we outline PBRs, their purpose, and the procedures for establishing these rates. Finally, we will wrap up this series with discussing why there are several barriers to payment when it comes to submitting your cost vouchers for reimbursement of contract expenses and why contract briefs play a pivotal role in your contract monitoring process.​​