Download the DCAA Compliance for Government Contractors eBook
Government contractors need more than a timekeeping system. Audit readiness also depends on documented procedures, accurate cost allocation, timely employee entry, traceable corrections, appropriate approvals, and retained evidence.
Download this free ebook for a practical overview of the timekeeping, expense reporting, and cost-control practices that support DCAA audit readiness.
In this guide, you’ll learn:
- What DCAA audits are intended to evaluate
- How FAR and DFARS requirements may affect government contractors
- How to distinguish direct, indirect, allowable, and unallowable costs
- What to document when employees correct timesheets or expense reports
- How approvals and segregation of duties support internal controls
- What FAR 31.205-46 says about contractor travel costs
- How timesheets and expense reports should reconcile with accounting, payroll, billing, and project records
- What to evaluate in a system’s audit history, permissions, reporting, and integration capabilities
Software can support these controls, but it does not establish compliance by itself. Requirements vary by contract, agency, record type, and organizational policy.