1 Connecticut Innovations June 3, 2014 How to Develop an Indirect Rate for Your SBIR Proposal Edward G. Jameson, CPA Managing Partner Jameson & Company, CPAs
2 HOW TO SPEAK GREEK INDIRECT RATES 1. THE SECOND MOST EXPENSIVE MISTAKE A NEWBIE MAKES 2. THE MULTIPLIER 3. WHAT YOUR GOVERNMENT CUSTOMER THINKS IS A NORMAL INDIRECT RATE 4. WHAT DRIVES YOUR INDIRECT RATES 5. HOW WILL YOUR KEY PEOPLE SPEND THEIR TIME? 6. WHICH IS MORE IMPORTANT THE PROJECT OR THE BUSINESS?
3 WHAT AUDITORS LOOK FOR PRIOR TO YOUR PHASE II AWARD 1. Acceptable accounting system 2. Reasonable cost proposal (believable indirect rates)
4 SBIR PHASE II = FAR Phase I = FFP Phase II = CPFF Award and ongoing compliance hinges on maintaining an Acceptable accounting system A contractor is responsible for accounting for costs appropriately and for maintaining records, including supporting documentation, adequate to demonstrate that costs claimed have been incurred, are allocable to the contract, and comply with applicable cost principles in this subpart and agency supplements. The contracting officer may disallow all or part of a claimed cost that is inadequately supported.
5 AN ACCEPTABLE ACCOUNTING SYSTEM 1. Does your General ledger segregate: Direct costs Indirect costs Unallowable costs Lab jackets polling question Written accounting policies and procedures The Jameson Pass/Fail quiz: A. Can you produce monthly job cost reports at billing/target/proposed indirect rates B. Can you tell me how your indirect rates are running now?
6 FAQ - HOW INDIRECT RATES AFFECT YOUR BUSINESS We are in a business incubator and wanted to put as much money as possible into the scientific project, so we did not ask for fee, overhead or fringe benefits. We intend to develop a commercial product and the strategy seemed to work well for getting our project s initial funding. Will this decision affect future grants??? You ve either made a good strategic move or created a huge financial problem for yourself.let s explore. 6
7 STRATEGY - HOW YOU PLAN TO USE GOVERNMENT FUNDING? (AND DEAL WITH ALL THE RED TAPE) 1. A one-off award as a way to prove concept (Qualcomm) as you are largely VC funded or your technology is almost at the goal line. 2. You believe the government can benefit from your technology and winning government contract and grant awards is a valid way to fund the development of your technology. Reality check in 35 years in this industry the biggest fallacy of newbies is to think they can do $5M of work with $1.5M. Then as time unfolds, they realize that $20M+ is really needed to develop their technology and carve out a niche so a multiple award strategy may be needed!
8 WORKING BACKWARDS Total Award 1,500,000 7% Fee 100,000 Total Costs 1,400,000 Indirect costs (plug) 200,000 Total Unloaded Costs 1,200,000 Prominent Consultant #1 50,000 Prominent Consultant #2 50,000 Subcontract costs 400,000 Materials costs 200,000 Subtotal labor costs 500,000 Fringe benefits 75,000 Labor Costs 425,000
9 Second most expensive mistake Proposing indirect rates that are too low creates almost immediate cash flow problems proportional to the degree of the miss. If you bill the government for your direct costs plus say 25% for provisional (a.k.a. projected, billing, targeted, proposed) indirect costs and your actual indirect rates run at 75%, you have a 50% miss which will cause cash flow problems. This adds up to hundreds of thousands of dollars PER PROJECT!
10 HOW TO FIND THE RIGHT FIT - THE MULTIPLIER Direct labor $ % 1.00 Subtotal %.50 Subtotal %.18 Total 2.68 For every $1.00 you pay labor, you charge the government $2.68
11 HOW DOES YOUR BURN RATE COMPARE? Our experience with established DoD SBIR-type government contractors: <2.4 inexpensive normal expensive >3.0 prohibitive Computer jockeys from UCal Berkeley (BAA) Dayton, Ohio (IDIQ) White Plains, NY (SBIR)
12 HOW DOES THAT TRANSLATE INTO NIH-EASE NIH pools costs differently. Direct labor 1.00 Fringe 35%.35 Subtotal % 1.15 Subtotal % is NOT the answer. Fringe range 28-35% (low 40 s max) F&A range (60-70% is normal ) > 40% = PLEASE AUDIT ME!!! Run indirect rate projection
13 WHAT DRIVES YOUR INDIRECT RATES HOW DO YOUR KEY PEOPLE CHARGE THEIR TIME? Now Goal Working ON the business (indirect labor): Building strategic alliances 0% 15% Diversifying the revenue stream 0% 20% Advancing the technology 0% 15% Working IN the business (direct labor): Project - technical work 100% 50% Indirect labor (vs. direct labor) is what DRIVES your indirect rates Indirect rates give you the money to build your infrastructure (people, facilities, processes) and allow you to work ON the business rather than being forced to work IN it
15 COST OF BLOWING INDIRECT RATES IN PROPOSAL If you miss too low on the rates used in your cost proposal you will have cash flow problems & losses. If you miss too high you could lose the award and you will owe the money back. If done properly, cost-type work can be used to help fund your growth rather than diluting yourself or going into debt But doesn t a higher rate hurt my ability to win??? Copyright 2014
17 DOD AWARD SELECTION CRITERIA The technical and scientific merit of the proposed approach; Key personnel's qualifications in this area of research; and The potential for transition into a commercial product. So where does it say anything about indirect rates or pricing?
18 INDIRECT RATES - BALANCING ACT Indirect rates too high = uncompetitive Indirect rates too low: 1. Restrict the growth of the business by underspending and cutting corners to mitigate your mistake (fire everyone between projects) 2. Dig the business into a financial hole: a. borrowing from credit cards, personal savings, banks, family and friends b. dilute yourself by selling equity prematurely. 3. Commit unintentional fraud by overbilling the government, or begin a corporate culture of lying.
19 SOME POLICIES AND PROCEDURES YOU MUST HAVE A. Timesheets 1. Filled out in ink daily 2. Must record all time, signed by the employee 3. Signed by the supervisor 4. Changes must be crossed out (not erased) and initialed B. Accounting for uncompensated overtime 1. $60,000/2,000 = $30/hour 2. Bill the government at $30/hr. 3. Actually works 2,500 hours 4. Actual hourly rate is $24/hr.
20 7 DCAA audits problems surface 1. Pre-award audit Review of the adequacy of your accounting system. You will not receive an award unless you pass. 2. Indirect rate projection audit A review of the underlying projections used in establishing your provisional billing (and bidding) rates. Your invoices will be rejected until you proactively have your indirect rates approved by DCAA. 3. Progress payment audit The DCAA judgmentally selects an invoice that you submit and traces all direct costs back to their originating source documents (timesheets, vendor invoices, expense reports, etc.). 4. Surprise floor check DCAA will visit your facility and randomly (?) select your employees for audit to ensure that they are following the government s strict timekeeping rules. Employees must be ready to properly answer questions on timekeeping procedures and must be able to demonstrate that their timesheets reflect those procedures. 5. Financial capacity audit 6. Annual Incurred Cost Audit With a Phase 2 SBIR, your contract contains Federal Acquisition Regulation (FAR) clause The Allowable Cost Clause. This clause requires you to submit an annual true up report known as an Incurred Cost Submission 180 days after your fiscal year end. This submission has a 100% chance of being audited by DCAA and is their main event! This audit is when you discover if your accountants knew what they were doing, or not years after the fact. 7. Contract close out
21 NIH Grantee checkpoints 1. Pre-award almost no resistance (J.I.T.) 2. Annual indirect rate negotiation with DFAS if F&A rate > 40% 3. SF425 Reconcile the money drawn from the Payment Management System with what you ve earned (in accordance with the federal acquisition regulations). 4. OMB A133 (Revenue earned > $500,000)
23 NORTHWESTERN PAYS $3MM FOR FRAUD According to the Wall Street Journal, Northwestern University agreed to pay nearly $3 million to settle claims that a former cancer researcher fraudulently used federal grant money for personal expenses, including food, hotels and airfare for family trips between 2003 and The whistleblower, Melissa Theis, worked as a purchasing coordinator, processing invoices when she 'noticed some red flags,' according to her attorney. The federal False Claims Act allows private citizens who allege government programs are being defrauded to file actions on behalf of the government and receive a portion, usually 15% to 30%, of any recovered damages. Ms. Theis will get $498,100 in settlement proceeds, according to the agreement.
24 Defense Contractor MPRI Settles $3.2 Million Lawsuit Brought by Whistleblower PR Newswire ATLANTA, Feb. 13, 2014
25 March 3, Wall Street Journal Sprint Sued for Allegedly Overbilling for Surveillance Company Accused of Inflating Bills Sent to Law- Enforcement Agencies Sprint Corp. overcharged the Federal Bureau of Investigation, the Drug Enforcement Administration and other law-enforcement agencies by more than 50% to facilitate eavesdropping on phone calls, the U.S. Justice Department alleged in a lawsuit filed Monday. Agencies went ahead and overpaid, because they were more concerned about investigations than their bills
26 2 UH physics professors indicted on charges Jill Courtney, Sr. Web Editor, Click2Houston.com Published On: Apr The indictment, returned on Thursday, alleges one count of conspiracy, seven counts of making false statements and 21 counts of wire fraud, all in connection with the Small Business Innovation Research (SBIR) program, according to federal authorities. According to the indictment, both men allegedly started Integrated Micro Sensors Inc. (IMS), a small business which applied for and received SBIR grants or contracts from NASA, National Science Foundation, Department of Energy and the United States Air Force. Authorities allege Bensaoula and Starikov made false statements in the application and proposal processes and in filing electronic claims for payment after they were awarded grants or contracts. Officials said if convicted of the conspiracy, both face up to a five-year prison term, as well as another five years upon each conviction of making false statements. For the wire fraud charges, the men face up to 20 years for each conviction. All charges also carry a possible $250,000 fine.
27 FREE PROJECT MONEY CAN LEAD TO HUGE LOSSES IF THIS TURNS INTO A REAL BUSINESS You want to limit your personal financial risk Taking on debt Raising outside funding and diluting your equity You have a multi award strategy and want to avoid firing key people when the project ends, or have funding glitches Charging the Government for your reasonable, allowable costs is your right! You don t want to commit financial fraud And, yes, auditors look at history when negotiating indirect rates - we decided to stop lying this year
28 STRATEGY Q REVISITED YOUR PLAN FOR GOVERNMENT FUNDING? Pick ONE: 1. A one-off award as a way to prove concept (Qualcomm), your technology is almost at the goal line, or you re offsetting your SBIR losses with commercial profits, debt, or dilutive funding. 2. You believe the government can benefit from your technology and you believe that winning government contracts and grant awards is a valid way to fund the development of your technology.
29 NEXT STEPS TOGETHER Our $495 Phase 1 Analysis: 1. Accounting system adequacy our analysis will include a review of specific areas of your Company s accounting system, including job costing, time reporting, and underlying documentation. 2. Unallowable cost assessment 3. Program management 4. MENTION THIS WEBINAR AND THAT YOU D LIKE US TO LOOK AT THE ADEQUACY OF YOUR INDIRECT RATES. TO SEE IF YOUR BUSINESS QUALIFIES PLEASE CONTACT: TOM PISTONE X2110
In cooperation with Connecticut Innovations 2/27/14 How to Establish an SBIR Accounting System that Can Withstand a Government Audit Edward G. Jameson, CPA Managing Partner Jameson & Company, CPAs www.jamesoncpa.com
In cooperation with Connecticut Innovations 4/16/14 How to Establish an SBIR Accounting System that Can Withstand a Government Audit Edward G. Jameson, CPA Managing Partner Jameson & Company, CPAs www.jamesoncpa.com
Accounting System Requirements Further information is available in the Information for Contractors Manual under Enclosure 2 The views expressed in this presentation are DCAA's views and not necessarily
DEFENSE CONTRACT AUDIT AGENCY Fundamental Building Blocks for an Acceptable Accounting System Presented by Sue Reynaga DCAA Branch Manager San Diego Branch Office August 24, 2011 Report Documentation Page
How to Survive a DCAA Audit www.paulgunn.com 1 How to Survive a DCAA Audit - Overview Areas of interest and expectations of a typical audit: 1. Introduction o 2. The DCAA and Types of audits 3. Preparing
WHAT MAKES AN ACCOUNTING SYSTEM COMPLIANT Presented by: Laura Davis OVERVIEW Why Do I Need a Compliant Accounting System Auditor s Judgment Definitions Key Components Audits How to be prepared for an audit
Government Contract Accounting Are You DCAA Compliant? Procurement Technical Assistance Program (PTAP) NH Presentation October 20, 2010 Presented by: Fred Kline, MBA, CPA Tom Martin MBA, CPA Malcolm Young,
Page 1 of 5 You've successfully subscribed to this feed! Updated content can be viewed in Internet Explorer and other programs that use the Common Feed List. View my feeds DCAA News Thursday, May 28, 2009,
Audit Expectations for Small Businesses DEFENSE CONTRACT CONSULTING Joseph A. Dalton, CGFM/CFE/CAP Over 31 Years -Supervisory/Auditor Service- DCAA Retired Captain, U. S. Naval Reserve 1996 BUSINESS NO.
Defense Contract Audit Agency (DCAA) DCAA and the Small Business Innovative Research (SBIR) Program Judice Smith and Chang Ford DCAA/Financial Liaison Advisors NAVAIR 2010 Small Business Aviation Technology
DCAA Guidelines How the SBIR firm can work effectively with the Defense Contract Audit Agency Today s Presenters OUTLINE Presenter Introduction DCAA & DCMA DCAA Overview Types of DCAA Audits What it takes
Basic Financial Requirements for Government Contracting 2014 National SBIR/STTR Conference The views expressed in this presentation are DCAA's views and not necessarily the views of other DoD organizations
Basic Financial Requirements for Government Contracting The views expressed in this presentation are DCAA's views and not necessarily the views of other DoD organizations Accounting System Requirements
Activity Code 17741 Version 3.1, dated November 2015 B-01 Planning Considerations Post Award Accounting System Audit at Nonmajor Contractors Audit Specific Independence Determination Members of the audit
FAR UPDATE 52.216-7, Allowable Cost and Payment (Jun 2013) "It's never too early to prepare for your incurred cost submission (A webinar sponsored by Pleasant Valley Business Solutions) 1 Objective Know
Incurred Cost Submissions John S. Sroka, CPA Acquisition Cost/Price Analyst Incurred Cost Proposals Allowable cost and payment clause requires the submission (FAR 52.216-7) Requires a signed certification
AGENDA FOR LUNCH SEMINAR WITH FMI AUGUST 28, 2008 12:30 PM INTRODUCTION TO GOVERNMENT CONTRACTING 1. NICRA - What is a NICRA? - Who has a NICRA? - Do I need a NICRA? - How do I get a NICRA? 2. INDIRECT
DCAA Compliant Accounting Systems State Designated as Florida s Principal Provider of Business Assistance [ 288.001, Fla. Stat.] Helping Businesses Grow & Succeed About Your Presenter Jenny W. Clark With
Are You Looking to Sell Your Products & Services to the US Government? What You Need to Know About Accounting, Compliance, and Reporting! 1 FICPA Overview The US Government is the largest consumer of goods
How to Survive a DCAA Pre-Award Audit February 27, 13 Presented by: Paul H. Calabrese Senior Manager 301-214-4137 firstname.lastname@example.org Bio http://www.rubino.com/company/staff/11- paul_h_calabrese/view LinkedIn
Slide 1 Slide 2 ACCOUNTING SYSTEM ESSENTIALS P r e p a r e d f o r Alliance Northwest 2014 By T e r r y S. N u z z o, C P A, C G M A P a c i f i c N o r t h w e s t C o n s u l t a n t s, L L C Slide 3
WELCOME Accounting Systems for DOD Contracts Moderator: Layli Pietri, Small Business Manager, Balfour Beatty Construction Speaker: Kay Papin, Government Compliance Manager, McCarthy Group Inc. Accounting
Instructions: This form should be completed for each proposal submission and maintained in the permanent file. Adequacy reviews of contractor incurred cost proposals include verification for completeness
Uncompensated Overtime 1 Table of Contents Risk Assessment Research and Planning Risk Assessment Labor System Entrance Conference Preliminary Analytical Procedures Audit Team Brainstorming for Fraud Risk
THE DCAA AUDIT Created to oversee government spending on behalf of the American tax-payer, the Defense Contract Audit Agency (DCAA) is responsible for supervising all Department of Defense (DoD) contracts.
Reprinted from Government Contract Costs, Pricing & Accounting Report, with permission of Thomson Reuters. Further use without the permission of West is prohibited. For further information about this publication
CHAPTER 2 2-000 Preaward Surveys of Prospective Contractor Accounting Systems 2-101 Preaward Survey Overview A preaward survey is an evaluation, usually made by the cognizant contract administration office,
Sage TimeSheet Defending the Contractor Ensuring DCAA Compliance With Time and Expense Software Contents Introduction: Executive Summary.............................. 3 History and Mission of the DCAA..............................
Government Contractor Business Systems and Overview of System Assessments Agenda Overview of business systems rules and environment today 3 rd party assessments Practical solutions Contractor perspective
DCAA Our Role Laura Cloyd-Hall, CPA, MBA John D. Mollohan II, CPA, CFE DCAA 1965-2015: Celebrating 50 Years of Excellence Page 1 Topics About DCAA Typical DCAA Audits for Small Businesses Basic Roles of
Federal Regulatory Compliance Best Practices Washington Technology Webcast September 27, 2012 Agenda Topic Minutes Regulatory compliance overview 5 Major areas of financial compliance risk 15 Best practices
Defending the Contractor: Ensuring DCAA Compliance with Time and Expense Software The Premier Sage Software Business Solutions Provider National Presence, Local Touch 1.800.425.9843 www.blytheco.com TABLE
Activity Code 17740 B-1 Planning Considerations Post Award Accounting System Audit at Nonmajor Contractors To provide general guidance for the audit of the adequacy and suitability of nonmajor contractor
Financial Management Guide for Government Contractors Overview You are a Government Contractor or wish to be a Government Contractor. Congratulations. It is important you know that the challenges facing
Accounting Systems: Complying with FAR Requirements John S. Sroka, CPA Acquisition Cost/Price Analyst Background Information FAR Requirements FAR Part 9: Contractor Qualifications FAR Part 16: Cost-reimbursement
GOVERNMENT ACCOUNTING REQUIREMENTS Basic Accounting Systems Time Reporting DCAA Encounters CRITICAL ELEMENTS OF AN ACCOUNTING SYSTEM Designed in Accordance with GAAP Proper Segregation of Direct and Indirect
Direct and Indirect Labor The Scenario Risk Assessment-Research and Planning: The auditor was assigned to perform a floor check audit for a medium sized contractor during the end of the third quarter of
Who is a whistleblower under the False Claims Act? Anyone who sees a Government contractor cheating the United States and wants to do something about it can blow the whistle. If you d like to put a stop
Instructions: This form should be completed for each proposal submission and maintained in the permanent file. Adequacy reviews of contractor incurred cost proposals include an assessment for completeness
Labor Costs Interpretive Guidance Labor Costs: Timekeeping, Direct Labor Base, Labor Transfers & Direct to Indirect Labor Ratio External Audits Architectural and Engineering (A&E) Contracts This Document
April 2014 Author: Document Version: Product: Product Version: SAP Version: Localization: Enprise Solutions 1.5.0 Enprise Job Costing All versions All current versions North America 2014 Enprise Solutions
Ensure Compliance For Government Contractors Topics Overview NeoSystems Corp 2009-2012 ENSURE COMPLIANCE FOR GOVERNMENT CONTRACTORS TABLE OF CONTENTS V15C Learning Objectives... 4 Introduction... 5 Government
Activity Code 11070 Version 1.5, dated September 2015 B-01 Planning Considerations Accounting System Audit Audit Specific Independence Determination Members of the audit team and internal specialists consulting
Activity Code 17740 Version 6.11, dated November 2015 B-1 Planning Considerations Preaward Survey of Prospective Contractor Accounting System Audit Specific Independence Determination Members of the audit
DCAA Current Trends and Practices SCS GovCon Seminar October 24, 2013 What s Hot 2 Incurred Cost Submissions Requirements Common Deficiencies Closer Cost Scrutiny Travel Costs Restructuring Costs Consultant
Managing Cost Type Contracts October 9, 2013 By: Tom Marcinko Donna Dominguez 2013 All Rights Reserved 805 King Farm Boulevard Suite 300 Rockville, Maryland 20850 301.231.6200 P 301.231.7630 F www.aronsonllc.com
Presented by Albert D. Goldwasser, CPA Government Contractor Consultant Agenda DCAA s Objectives Accounting 101 Indirect Cost Allocations SF 1408 Passing the DCAA Audit References What does the DCAA want?
WORKING WITH THE U.S. GOVERNMENT YOUR GUIDE TO THE DCAA The DCAA Audit Created to oversee government spending on behalf of the American tax-payer, the Defense Contract Audit Agency (DCAA) is responsible
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards AT 2 CFR 200 November 11, 2014 WHAT S CHANGING AND WHEN? Grants Reform Office of Management and Budget Circulars
Federal Government Ethics Compliance Training Federal Acquisition Regulation Presentation Overview Historical overview of Federal Acquisition Regulation Compliance and requirements Code of Ethics Ethical
OFFICE OF INSPECTOR GENERAL UNITED STATES POSTAL SERVICE Trends and Systemic Issues in Defense Contract Audit Agency Audit Work for Fiscal Years 2009-2012 Management Advisory Report Report Number March
What Exactly is an Acceptable Accounting System? Kristen Soles, CPA Member Stephanie Widzinski, CPA Senior Manager September 27, 2012 Agenda Review DFARS Business System Rule What Agency is Responsible
Los Angeles Unified School District Office of the Inspector General Contract Audit Unit Contract Audit Report Incurred Cost Audit Science Applications International Corp. Contract No. 0300908 CA 05-513
San Diego Chapters Present DCAA Audit R 4 Rights to Records, Requirements & Remedies A Seminar with Panel Discussion and Audience Participation February 18, 2009 This Morning s Agenda 8:30 Introduction
GAO For Release on Delivery Expected at 10 a.m. EDT Wednesday August, 1, 2001 United States General Accounting Office Testimony Before the Subcommittee on Criminal Justice, Drug Policy and Human Resources
Curtis Matthews, Managing Partner Government Accounting, Estimating, and Billing Systems: Pitfalls and Answers Findley Gillespie, Senior Manager May 18, 2011 1 The material appearing in this presentation
How to Develop a FAR-Compliant Cost or Price Proposal May 21, 2014 Presenter: Paul H. Calabrese Rubino & Company, CPAs & Consultants Senior Manager Tel: 301-214-4137 email@example.com www.linkedin.com/in/pcalabrese
Sent: July 19, 2006 To: Ms. Jill M. Peterson, Assistant Secretary From: Jeff Barber Affiliation: Accu-Rate Telecom, Inc. Re: File S7-11-06 A common gap in internal controls is causing approximately 1,600
American Health Lawyers Association Legal Issues Affecting Academic Medical Centers and Other Teaching Institutions ENFORCEMENT INITIATIVES RELATING TO FEDERAL RESEARCH GRANTS Paul W. Shaw K&L Gates LLP
6 Chapter 6 Labor-Charging Systems and Other Considerations The purpose of this chapter is to provide interpretive guidance only. This chapter is not intended to be authoritative or to supersede the FAR.
Are you in Compliance with the Financial Rules for 8(a) Companies? Sales Less than $1M Withdrawals exceeding $250,000 are considered excessive. Compiled financial statements are required within 90 days
MDA Small Business Industry Day SBIR Proposal Preparation By: John Swan Contracting Officer Missile Defense Agency August 14, 2015 Agenda Introduction - John Swan Accounting System Audits - John Swan Cost
Surviving a DCAA Incurred Cost Submission Audit Nicole Mitchell, CPA Director Aronson LLC March 29, 2011 2011 All Rights Reserved 805 King Farm Boulevard Suite 300 Rockville, Maryland 20850 301.231.6200
Incurred Cost Submissions - It's Not Too Early! March 28, 2013 David Eck and Todd W. Bishop Dixon Hughes Goodman LLP Agenda Treat Incurred Cost Submissions like a Project Why an Incurred Cost Submission?
Activity Code 17740 B-1 Planning Considerations Preaward Survey of Prospective Contractor Accounting System Purpose and Scope The major objectives of this audit are to obtain an understanding of the accounting
Guidance for Small Firms (And/or New to WSDOT) (WSDOT & Local Agency Agreements) WSDOT Internal Audit Office July 2014 Guidance for Small Firms (this also includes firms that are new to working with WSDOT
DHG 20 th Annual Government Contracting Update Current Initiatives May 2015 Mr. Ken Saccoccia Deputy Director Page 1 One Agency One Mission DCAA Overview Priorities and Better Buying Power Small Business
DEPARTMENT OF TRANSPORTATION AUDITS & INVESTIGATIONS Overview of A&E Related Audit Issues 1 INTRODUCTION Overview of Audit Related Issues At the conclusion of this session, you will understand: - Basic
Complying With DCAA (Defense Contract Audit Agency) Project Cost Accounting for Government Contractors EXECUTIVE GUIDE SERIES November 2007 Executive Summary In a commercial contract, the deliverable is
Appendix L: Nebraska s False Medicaid Claims Act Nebraska Statues Chapter 68 November 2013 Section 68-935 Terms, defined. For purposes of the False Medicaid Claims Act: A. Attorney General means the Attorney
The Changing Government Contractor Environment 1 Federal Government Contracting DCAA FY 2014 Report to Congress DCAA Audit Guidance Business systems Federal regulatory rule changes State Contracting (Dept.
ODOT Draft Utility Circulars Marc A. Travis Division of Finance and Forecasting Office of Audits Agenda Introductions Background Circular Development Process Overview of each Circular The Comment Period
Material Transfers and Material Management and Accounting System (MMAS) The Scenario Risk Assessment-Research and Planning: The auditor was assigned an audit of major contractor MIL s Material Management
Certificate of Accounting, Billing and Property System Adequacy This certifies that, to the best of my knowledge and belief, Contractor s Accounting, Billing and/or Property System and related internal
WEB-BASED TIME AND ATTENDANCE & DCAA COMPLIANCE White Paper AUDIT CONCERNS Certain types of organizations who contract with the US Government must follow specific timekeeping guidelines set forth by the
In Home Sales Training Manual Debt Settlement Program Introduction to the industry The debt relief business is booming because of the rise in unemployment rates, the poor economy, and those who have found
PRE-AWARD SURVEY (SF 1408) OF PROSPECTIVE CONTRACTOR ACCOUNTING SYSTEM Date: XX/XX/201X Company Name, Contract Number, and Full Address: Commercial and Government Agency (CAGE) Code Number: (found at http://www.dlis.dla.mil/cage_welcome.asp)
Public Vouchers Further information is available in the Information for Contractors Manual under Enclosure 5 The views expressed in this presentation are DCAA's views and not necessarily the views of other
SECTION III Examples of Exhibits to Support Indirect Cost Rate Proposals SECTION III Examples of Exhibits to Support Indirect Cost Rate Proposals Index Exhibits Description Page Numbers Exhibit A Personnel
Inspector General U.S. Department of Defense Report No. DODIG-2015-061 DECEMBER 23, 2014 Hotline Complaint Regarding the Defense Contract Audit Agency Examination of a Contractor s Subcontract Costs INTEGRITY
Understanding FAR and CAS Presented by: Rich Wilkinson- Watkins Meegan Karen Williams - WJ Technologies AGENDA CAS The Basics CAS Overview, Applicability and Exemption CAS Flowchart Disclosure Statements
The Credit Professional s Duty And Protection With Disclosing Corporate Fraud At The Public Company By: Scott Blakeley, Esq. The Credit Research Foundation An Occasional Paper November 2002 Executive Summary
OFFICE OF INSPECTOR GENERAL Attestation Report Catalyst for Improving the Environment The Environmental Careers Organization Reported Outlays for Five EPA Cooperative Agreements Report No. 2007-4-00065
Cost Accounting Standards: An M&O s Problematic Five Wayne Moosman, CPA, CIA, CMA, CISA, CFE Los Alamos National Laboratory 2015 CIAD Conference July 23, 2015 1 Famous Quote In today s regulatory environment,
NSF Grants Conference March 2013 William J. Kilgallin Senior Advisor, Investigations Office of Inspector General National Science Foundation Assistant Inspector General for Audit Inspector General (IG)