Preparing for an incurred cost submission audit can seem like quite a major challenge for any government contractor. The Defense Contract Audit Agency conducts these audits and can make even the most ...

“The new guidance is contrary to prior DCAA guidance and current generally accepted government auditing standards in that it severely restricts the discretion of DCAA field auditors to exercise ...

The Defense Contract Audit Agency (DCAA) has been favoring contractors during audits and bullying those within the agency who try to speak out, the Government Accountability Office (GAO) revealed in a ...

U.S. government contracts account for over $700 billion annually, a significant portion of which hinges on the ability of contractors to "establish and maintain an acceptable accounting system," which ...

In 2005 and 2006, the Defense Contract Audit Agency helped enable Boeing to recover about $270 million in losses from a failed commercial satellite business, approving unorthodox accounting methods ...

Austal USA LLC has pled guilty and has agreed to pay $24 million to resolve an investigation by the U.S. Justice Department related to an accounting fraud scheme and efforts to obstruct the Defense ...