By Peter Collins
The last two years marked the first full financial statement audits of the Department of Defense (DoD). These were massive audits during 2018 and 2019 that covered more than $2.7 trillion in U.S. military assets. Each year, the audits were carried out by more than 1,200 auditors during 900+ site visits across the entire DoD.
The DoD will not be stopping there, more audits are on the way. The one message that comes through loud and clear is that defense audits should be recognized as an annual exercise for the entire defense community.
Today’s defense contractors need to have business systems in place to help them achieve compliance for the Defense Contract Audit Agency (DCAA), for financial accounting, and the Defense Contract Management Agency (DCMA) audits, for physical assets. Read More …
Audit Obligations for Defense Contractors
This article was written by A2B Tracking’s Founder and CEO, Peter Collins and first published on the Deltek website. To read the rest of this article on Audit Obligations for Defense Contractors and to learn more about how Deltek Costpoint and the A2B Tracking software platforms can provide an integrated path to Government contract compliance click here.
We also have a video to demonstrate how the Deltek Costpoint and A2B Tracking’ Government Property Management platform integration work together to address DCAA and DCMA audit obligations for defense contractors. Watch now.