Joseph Kamara CPA

DCAA runs 7 distinct audit types: pre-award survey, incurred cost, floor check, forward pricing, business system, CAS compliance, and special audit. Preparation guide for each.

Government contractor bookkeeping follows FAR Part 31 and CAS on top of GAAP. Learn why commercial bookkeeping fails DCAA audits and SF 1408 surveys.

A forward pricing rate proposal sets the indirect rates you price future work with, and DCAA audits every one before it is negotiated. Errors delay awards and inflate questioned costs.

An accounting system failure triggers payment withholding, corrective action deadlines and contracting officer scrutiny. Recovery starts with knowing the exact process and writing a plan the ACO will actually approve.

The FAR 31.205-6(p) cap limits what you bill for compensation. For 2026 it is an estimated $695,000, up from $671,000. What that shifts in your rates and your ICS.

The Service Contract Act requires prevailing wages on contracts over $2,500. Violations bring back pay, termination and three-year debarment. How it differs from Davis-Bacon.

A cost proposal is a certified document under FAR 15.408 Table 15-2. One wrong cost element does not cost you points. It triggers a DCAA audit of every rate.

Closeout runs 6 to 36 months depending on contract type. The FAR 4.804 timeline, quick-closeout procedures and final rate settlement decide when you actually see the money still held.

An in-house GovCon bookkeeper costs far more than the salary once benefits, training, software and turnover are counted. The real comparison against CPA-managed outsourcing, including the expertise gap.

DCAA audits are not random. Specific behaviours and contract conditions trigger them. These are the eight red flags auditors watch for, and how to lower each before the notice arrives.