Defense Contract Audit Agency (DCAA) Readiness and Support
- Performed an accounting system and estimating system assessment and review for a global information technology company in preparation for potential DCAA audits. This included evaluating the policies and procedures for the estimating system and each component of the accounting system, including billing, labor, and timekeeping, among other subsystems. We also prepared the annual incurred cost submission for the company and assisted with final submission to the government.
- Performed a preliminary Contractor Purchasing System Review (CPSR) for a publicly traded government contractor in preparation for a Defense Contract Management Agency (DCMA) audit. Though the contractor had made adjustments to address deficiencies in its system after a previously failed CPSR, several key risk areas required remediation, including sole/single source justification and supporting documentation. We worked with the contractor to address these risk areas, and it successfully passed the DCMA’s next CPSR.
- Provided internal accounting support for the preparation and presentation of the year-end financial statements of an information technology services company. We also evaluated and implemented enhancements to the company’s internal processes and procedures relating to project set-up, accounts payable, accounts receivable, project reporting, and general ledger reconciliation in advance of a DCAA audit.