All companies with government defense contracts may be subject to DCAA (Defense Contracting Audit Agency) floor check audits during a contract period. DCAA can surprise you with the floor check audit anytime without prior notice.
In February, DCAA released their latest audit guidance related to floor check audits for both major and non-major contractors. It’s important to become familiar with this guidance to ensure that you have all controls in place before auditors show up unannounced. Answers to these common questions may help:
What are DCAA floor checks?
Floor check audits are designed to test contractor compliance with the contractor’s timekeeping policy, …read more
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