On October 20, 2016, our Aronson LLC government contracting specialists Donna Dominguez and Aisha Mian hosted “Decoding Budgeted Indirect Rates,” where they provided tips, guidance, and best practices to help government contractors efficiently build their budgeted indirect rates for the upcoming year. As a follow up to this webinar, Donna and Aisha have prepared answers to a large number of attendee questions that we wanted to share. To watch the webinar, please visit this link.
DCAA has posted a new guidebook on their website called Selected Area of Cost Guidebook: FAR 31.205 Cost Principles. This guidebook replaces Chapter 7 of the Contract Audit Manual (CAM) in total.
While this new guidebook retains much of the original content from Chapter 7, there are 13 areas which have been either updated or rewritten. DCAA has also added 23 additional chapters addressing FAR Part 31.2 Cost Principals that were not previously included in the CAM.
DCAA plans to continue updating other areas and publish them as completed. The 13 areas that have been rewritten are listed below. While not all areas are completed, it is worth familiarizing yourself with the new guidebook and updated areas.
The ban on using DCAA staff for non-DoD agencies has been lifted. DCAA may once again provide full audit support to other agencies effective October 1, 2016, as posted on September 30th as a Memorandum for Regional Directors (MRD).
DCAA lifted the ban because they reached their 18 month goal to reduce the Incurred Cost Submission (ICS) inventory.
What will this mean for contractors? Will halted previous agency audits rise from the dead? Or will DCAA review accounting and business systems for upcoming proposals? Time will tell if this is more of a sweet treat or terrible trick.
For more information about Aronson please contact Donna Dominguez at firstname.lastname@example.org or (301) 222-8232.