Maintain A DCAA-compliant FAR Part 31 Accounting System
If you receive DoD funding, your accounting system must meet both FAR Part 31 and DCAA requirements. The structure of your awards determines the level of scrutiny and how you must account for costs.
We help you design, assess and strengthen your accounting environment so you can:
- Properly identify and segregate direct and indirect costs
- Establish compliant billing practices
- Support audit-ready financial reporting
- Align policies and procedures with FAR and DCAA compliance
Navigate FAR, DFARS and CAS Compliance Requirements With Confidence
Meeting the requirements of the FAR, DFARS and Cost Accounting Standards (CAS) requires more than understanding the regulations. You need processes, documentation, and accounting practices that align with government expectations while supporting efficient contract performance. Cherry Bekaert helps DoD contractors navigate complex compliance requirements, strengthen internal practices and address evolving regulatory obligations.
Our government contracting advisors can help you:
- Assess your current compliance environment and identify gaps related to FAR, DFARS and CAS requirements.
- Strengthen policies, procedures and internal controls to support ongoing regulatory compliance.
- Address CAS administration and compliance requirements.
- Prepare, review, and support CASB Disclosure Statements, including adequacy and compliance reviews.
- Evaluate cost accounting practice changes and related cost impacts.
- Develop and support provisional billing rate proposals, forward pricing rate proposals (FPRPs), forward pricing rate recommendations (FPRRs) and forward pricing rate agreements (FPRAs).
- Review indirect rate structures and cost recovery strategies to help support compliance and operational objectives.
- Provide guidance to help you prepare for DCAA and DCMA reviews, audits and other government compliance activities.
Stay DCAA Audit-ready To Reduce Risk
DCAA audits are a standard part of working with the DoD, and being prepared is critical. Depending on your contracts, grants and risk profile, you may encounter multiple audit types throughout the lifecycle of your award.
Our experienced advisors can help you prepare for, respond to and remediate findings from audits, including:
- Pre-award Audits
- Indirect Cost Rate Projections
- Progress Billing Reviews (i.e., WAWF billing)
- Incurred Cost Submissions (ICS)
- Floor Check Audits
- Proposal Audits
- Accounting System Audits
- Estimating System Audits
- Material Management Accounting System Audits
- CAS Noncompliance Audits
- Termination Audits
- Contract Closeout Audits
- Audit Remediation
Maintain Business Systems Compliance for Long-term Success
As your company grows and takes on increasingly complex DoD contracts, your business systems come under greater scrutiny from DCAA and DCMA. Maintaining compliant systems, internal controls, processes, and documentation can help support audit readiness, reduce compliance risk, and position your company for long-term success. Cherry Bekaert helps DoD contractors evaluate, strengthen, and maintain business systems that align with government requirements.
Our government contract advisors can help you:
- Assess the design and effectiveness of your contractor business systems and identify potential compliance gaps.
- Develop and enhance business system policies, procedures, internal controls and supporting documentation.
- Conduct mock reviews and readiness assessments to help prepare for government evaluations and audits.
- Address business system deficiencies through corrective action planning and remediation support.
- Support interactions with DCAA and DCMA during business system reviews and related compliance activities.
- Strengthen compliance across key contractor business systems, including:
- Accounting Systems and SF 1408 Requirements
- Estimating Systems
- Government Property Systems
- Material Management Accounting System (MMAS)
- Contractor Purchasing System Reviews (CPSR)
- Earned Value Management System (EVMS)
Strengthen Timekeeping and Labor Charging Compliance
Accurate timekeeping and labor charging practices are fundamental to DCAA compliance. Labor costs often represent a significant portion of contract costs, making timekeeping controls a key area of audit scrutiny. Establishing clear policies, consistent processes, and supporting documentation can help reduce compliance risk, improve audit readiness and support the integrity of your cost data.
Our government contracting advisors can help you:
- Assess your timekeeping and labor charging practices for alignment with DCAA expectations.
- Evaluate policies, procedures, and internal controls related to labor distribution and timekeeping.
- Identify compliance gaps and opportunities to strengthen documentation and oversight.
- Support the development and enhancement of timekeeping processes and related controls.
- Prepare for DCAA floor check audits and other labor-related audit activities.
- Address audit findings and corrective action requirements related to labor charging practices.
- Strengthen audit trails and supporting documentation to improve compliance and audit readiness.
