As the name
states, DCAA is known to audit government contracts. Besides this, they are
also audit contractors. Generally, it does not audit contractors who have
supplied goods on fixed price, competitively awarded contracts. In case these are
cost reimbursable, then as an organization, the contractor is liable to be
audited.
Functioning
The DCAA
audited contractors and contracts are those who are DOD awarded. Audits of most
government contracts that civilian agencies award are carried out. It includes VA,
DHS, EPA, DOE and NASA. These agencies are said to reimburse DCAA as they
performing auditing tasks on their behalf. Commercial audit firms are said to
offer Dcaa
Compliance and audit services to small businesses.
Programs carried out
DCAA performs
all audits, be it on behalf of any civilian agency or DOD. Written audit
program is what guides them. This program species each step to be undertaken in
the auditing process. It is done with comprehensive details ranging from
contractor notification to conducting entrance conference to developing
reports, findings as well as distribution and SF
1408.
Audit programs for small businesses
The official
DCCA website makes public all audit programs. All internal guidance offered to
auditors of the agency is also made public. The contractor should initially visit
Audit Programs directory on receiving notification. It should specify that DCAA
is to audit some aspects related to its operations or perhaps any government contract.
Incurred Cost Submissions will
also be necessary.
Getting to know the program
The contract
should make it a point to enquire as to which audit program is to be performed
before scheduling auditor visit or entrance conference. This is essential if audit
type mentioned in notification is not understood. Besides detailing audit
related steps, the program also explains the reports and data requested
generally during audits.
