Overview

When it comes to cost-type federal government contracts and incurred cost submissions, the Defense Contract Audit Agency (DCAA) is often the first agency that comes to mind. But how much do you really know about DCAA’s oversight process? Don’t count on auditors to walk you through it. Understanding the process is up to you.

This webinar helps pull back the curtain by offering a clear overview of what you need to know and how that knowledge can benefit you. Understanding the process can place you in a lower-risk pool, possibly avoiding an audit altogether. While you can’t control everything, knowing what to expect gives you a strategic advantage, and that’s exactly where you want to be.

Learning Objectives

At the completion of this one-hour webinar, participants will be able to:

  • Explain why DCAA changed its incurred cost audit approach
  • Understand who gets audited, who is sampled, and why
  • Describe how DCAA conducts its incurred cost audits
  • Identify best practices to help stay on the “straight and narrow”

Program Content

During the webinar, we will discuss:
  • The impact of the 809 Panel on DCAA
  • DCAA’s evolving incurred cost sampling process
  • The Incurred Cost Electronically (ICE) format and what it means to “get ICEd”
  • How to assess your risk level and whether it really matters
  • The role of materiality in audits and is it standardized?
  • Best practices you can implement to improve compliance

About Redstone GCI

RGCI enables contractors doing business with the U.S. government to comply with the complex and challenging procurement regulatory provisions and contract requirements by providing superior cost, pricing, accounting, and contracts administration consulting expertise to clients expeditiously, efficiently, and within customer expectations. Our consulting expertise and experience is unparalleled in understanding unique challenges of government contractors, our operating procedures are crafted and monitored to ensure rock-solid compliance, and our company’s charter and implementing policies are designed to continuously meet needs of clients while fostering a long-term partnership with each client through pro-active communication with our clients.

For more information, contact:

Lori Beth Moses, 
lmoses@RedstoneGCI.com
256-704-9811

Redstone Government Consulting, Inc.
501 Madison Street SE, Suite 100
Huntsville, AL  35801
Website: www.redstonegci.com