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Title: How Government Contractors Can Prepare for DCAA's New Focus on Business Systems
Authors: Kristen Soles
Keywords: Contractor
Business System
Section 809 Panel
Defense Contract Audit Agency (DCAA)
Incurred Cost Audit
Issue Date: 25-Mar-2019
Publisher: Cohn Reznick
Citation: Unlimited Distribution
Series/Report no.: Media - SEC809
Abstract: In February 2019, the U.S. Government Accountability Office (GAO) released its report on monitoring and assessing Contractor Business Systems (CBS). Currently, the U.S. Department of Defense (DOD) has no system for monitoring contractor business systems assessment and results, nor is it able to track to cyclical time guidance for reassessment. The DOD has acknowledged this issue and is currently working to create an effective system. The report notes that the Defense Contract Audit Agency (DCAA) is behind in business system assessments. However, DCAA plans to use private CPA firms to focus on incurred cost audits so that they can concentrate more on performing business system audits over the next four years.
Appears in Collections:Section 809 Panel: Reports, Recommendations & Resource Library

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