Businesses of any size thatDCAA have government contracts are required to be DCAA compliant. The Defense Contract Audit Agency (DCAA) is responsible for performing contract audits for the Department of Defense (DoD), so DCAA guidelines are very strict. In fact, the agency is now tougher on government contractors.  The agency has changed the grading scale for accounting system audits from allowing degrees of non-compliance and offering suggestions for compliance, to a pass/fail grading system. Techeon has years of experience adhering to DCAA regulations.  We offer accounting services that adhere to DCAA guidelines and can help you strategize for success.

Techeon implements your bookkeeping, accounting, payroll, accounts payable, and accounts receivable services so that every one of our clients knows their business will pass a DCAA audit. DCAA auditors prefer automated systems because manual entry without automatic audit trails can allow someone to generate fraudulent data. Techeon’s accounting services implement as much automation as possible to help keep an auditor happy.

The DCAA reviews the accounting practices of government contractors, including prime contractors and subcontractors. Adhering to their regulations is required, but can be difficult to implement without the proper background and experience. Compliance is crucial for any company engaged in government contracting. Hiring Techeon to bring your company’s accounting services into DCAA compliance is an important step.

DCAA wants to see that you have reliable accounting processes in place. A lack of consistency and inadequate reporting of information required by DCAA can mean a more in-depth audit. That may be time consuming and take you away from running your business. Simply purchasing and installing software that claims to be DCAA compliant does not assure such compliance. Compliance isn’t about the software. It is about your entire system of processes and procedures. Techeon understands the complex workings of cost accounting and federal regulations. This is key to ensuring your DCAA audits will go smoothly.

During the course of a DCAA audit, a company’s compliance with the Federal Acquisition Regulations (FAR) is assessed. Non-compliance with DCAA guidelines can lead to a hold on payments for work already in progress.  It can also preclude any future work through government organizations. Losing a government contract has closed the doors on more than one business; don’t let it happen to yours.

Call Techeon for assistance with your DCAA compliance strategy.