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Showing results for tags 'ACCOUNTING SYSTEM'.
We currently have an FFP proposal submitted for approx. $24 million over three years. Our work is mainly DoD. It is CAS covered (we are currently modified CAS w/ CAS contracts under $50 million a year). My supervisor seems to believe that there is some kind of dollar threshold (in this case $20 million, she thinks) that sets off a business system audit of some kind. Is any one familiar with this? We have only had an audit of our accounting system to date and is was found to be adequate. I have spent a lot of time over the past few days trying to find reference for my supervisor to this thresh
Good Day All: Is it at all possible to have a private firm or CPA audit and find acceptable an accounting system of a prospective federal contractor? Far Part 42 states " Normally, for contractors other than educational institutions and nonprofit organizations, the Defense Contract Audit Agency (DCAA) is the responsible Government audit agency. However, there may be instances where an agency other than DCAA desires cognizance of a particular contractor. In those instances, the two agencies shall agree on the most efficient and economical approach to meet contract audit requirements. For educat