Annual Incurred Cost Audits

Purpose - Requirements

  • Establish annual final indirect rates
  • Interim approval of direct cost pending PCO (sometimes authority is granted to ACO) approval

What DCAA is Finding

  • Adjusting journal entries
    - Inadequate support
    - Large volume that sometimes adjust the same cost multiple times
    - Hard to trace
    - Result in unallowable cost
  • Direct cost not adhering to the terms and conditions of the contract- limitation of cost
  • Various CAS 405 unallowables
  • Issues with HO allocations

Our Team is Available to Assist

Testimonials

What Clients Are Saying

"I  worked with Don when he was a Senior Executive at DCAA and now that he is President of MGC you cannot find a person more knowledgeable on Government Compliance. We will definitely continue to use his team's services."

Warren Stoker- Chief Compliance Officer- Major Defense Contractor

“Working with Don and his team has been a pleasure and the results were astounding. The MGC Team has been a huge asset to our firm”

Langley Holland - Contractor Marketing

If You Have Any Questions
or Concerns Call
(703) 477-1840

McKenzie Government Consulting

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