Guest Author: Mark Vogtman, Co-Founder and CFO of GovTribe
(View the original post on the GovTribe Blog HERE)
In case you missed it, I had a webinar discussion with my friend Dan Rusert at JAMIS Software on March 5th. We talked about DCAA compliant accounting in the context of growing a federal contracting business.
When contractors enter into agreements to provide goods and services to the Government, they must follow government acquisition guidance and regulations. The Defense Contract Audit Agency (DCAA) is the agency responsible for ensuring compliance with these regulations.
In so doing, the DCAA conducts both standard and periodic audits of various types on both prime contractors and subcontractors. In this webinar, we discussed the nature of these audits, the various ways a federal contractor can achieve DCAA compliance, and the benefits, challenges, and process for moving to an accounting ERP system designed for DCAA compliance.