Defense Contract Audit Agency (DCAA) Introductory Series

Event description

The Nebraska APEX Accelerator and the National APEX Accelerator Alliance (NAPEX) are excited to announce the upcoming Defense Contract Audit Agency (DCAA) Introductory Series, including Intro to DCAA and Audit Process Overview and Breaking Into GovCon from a DCAA Perspective. 

Join us as we explore the roles and responsibilities of Defense Contract Audit Agency (DCAA) as well as learn about the various types of audits performed throughout the acquisition lifecycle. Additionally, this presentation will provide an overview of DCAA’s audit process, and some common communications contractors will experience throughout the audit. While each audit is different, there are some common questions small businesses have relating to the process. Participants will learn the importance of adequate assertions, scheduling entrance and exit conferences, communicating throughout the audit, auditor site visits and requests for information. 

The DCAA will then break down the impact of the 2019 GAO “Contract Financing” report and the subsequent Defense Pricing and Contracting finance study, which cited government compliant accounting systems, Cost Accounting Standards, and FAR Cost Principles as barriers to entry for small businesses looking to enter the Defense Industrial Base. During this presentation, DCAA will look at the types of contract awards and the requirements for each, as well as the common misconceptions of FAR, CAS, and TINA.