In recent years, the Defense Contract Audit Agency (DCAA) has focused on clearing its incurred cost audit backlog. With this backlog becoming more manageable, the DCAA has devoted increased resources to contractor business system oversight, including contractor’s accounting systems. After more than a year of development, the DCAA published a new accounting system audit program in October 2018 and has kicked off numerous audits.
This sparks the following question: what should you expect if your company has been notified you are going to be audited, and more importantly, what should you do to prepare?
To help answer these questions, we teamed up with Deltek to create the blog: Where to Start with DCAA's New Accounting System Audits.
For more information on this topic or to learn how Baker Tilly specialists can help, contact our team.