Winning and maintaining government contracts starts with having an adequate accounting system. For contractors pursuing cost‑reimbursable or flexibly priced government work, the Defense Contract Audit Agency evaluates whether the contractor’s accounting system meets specific requirements outlined in the Federal Acquisition Regulation and the Defense Federal Acquisition Regulation Supplement. These requirements are designed to ensure costs are accurately tracked, properly allocated, and fully auditable. As a contractor, meeting these requirements gives the government confidence that taxpayer dollars are managed responsibly.
To help, we have created a guide titled, “DCAA Government Contractor Accounting System Requirements.” We provide details about:
- the requirements for an adequate accounting system;
- the types of DCAA accounting systems audits Contracting Officers may request;
- what a government review looks for in a Pre- or Post-Award Accounting System Audit; and,
- how to prepare for an accounting system audit.
