Tag Archives: DCAA

Advanced Forum on DCAA and DCMA Cost, Pricing, Compliance, and Audits

On June 13, Mary Karen Wills will discuss “New Audit Challenges for Industry: The Practical Impact of the DCAA Selected Areas of Cost Guidebook.” Continue reading Advanced Forum on DCAA and DCMA Cost, Pricing, Compliance, and Audits

Updated DCAA Guidance on Expressly Unallowable Costs

In recent months, expressly unallowable costs have emerged as a focal point for the Defense Contract Audit Agency (DCAA). DCAA has issued two Memorandums for Regional Directors (MRDs) providing auditors with new guidance on identifying expressly unallowable costs, much to the dismay of contractors who believe that the guidance does not align with the intent of the applicable cost principles. These MRDs likely mean that contractors will receive more penalty recommendations than in years past, in addition to potential assertions of CAS 405 non-compliances. Continue reading Updated DCAA Guidance on Expressly Unallowable Costs

DCAA Updated Audit Guidance on the Treatment of Overdue Indirect Rate Proposals

On February 12, 2015, the Defense Contract Audit Agency (DCAA) issued a Memorandum for Regional Directors (MRD) with new guidance for the DCAA and Defense Contract Management Agency (DCMA) on how to handle the growing backlog of overdue contractor indirect rate proposals (also known as incurred cost submissions or ICSs). In keeping with FAR 42.703-2(c) and FAR 42.705(c), DCMA will start to unilaterally establish contract costs for the overdue fiscal years starting in June 2015. Continue reading DCAA Updated Audit Guidance on the Treatment of Overdue Indirect Rate Proposals

Audit Alert on Evaluating the Adequacy of Cost Impact Proposals

On September 19, 2014, the Defense Contract Audit Agency (DCAA) issued a memorandum for regional directors, “Audit Alert on Evaluating the Adequacy of Cost Impact Proposals,” referencing a DCAA Cost Impact Adequacy ToolContinue reading Audit Alert on Evaluating the Adequacy of Cost Impact Proposals

Defense Federal Acquisition Regulation Supplement: Proposed Rule Change Adds New Requirements for Contractors’ Business Systems

On July 15, 2014, the Defense Procurement and Acquisition Policy (DPAP) issued DFARS Case 2012-D042, a proposed rule adding new requirements for applicable contractors to annually self-assess their estimating systems, accounting systems, and material management accounting systems (MMAS) in accordance with DFARS 252.215-7002, 252.242-7006, and 252.242-7004, respectively.

Continue reading Defense Federal Acquisition Regulation Supplement: Proposed Rule Change Adds New Requirements for Contractors’ Business Systems