The National Defense Authorization Act (NDAA) has introduced several policy changes likely to have a significant effect on the industry. This webinar from June 2017, presented by Cherry Bekaert’s John Carpenter, looks at how the NDAA affects the DCAA and together their impact for government contractors.
Areas discussed included:
• An update to the National Defense Authorization Act (NDAA) restriction on DCAA doing audits for other agencies
• The NDAA reduction in DCAA’s appropriation
• DCAA’s indirect cost backlog and its effect on closing grants
• What recent guidance indicates about the treatment of overdue indirect cost rate proposals
• Executive compensation caps for 2013 and 2014
• Possible conflicts between the DCAA compensation team and local auditors about the use of blended rates when a contractor is not on a fiscal year accounting period
• DCAA guidance on blended compensation rates when two or more statutory limits apply
• Revised policy on handling low risk incurred cost proposals
• Application of CAS 404 to leases
• RFPs requiring contractors to have a DCAA approved accounting system
Featured Presenter: As Cherry Bekaert’s Industry Leader of the Government Contractor Services Group, John Carpenter has been serving the financial needs of government contractors and other commercial entities for more than 30 years. Clients look to John to provide customized financial and business advisory services to help optimize cash flow and achieve revenue and profitability goals. John assists clients at all stages of business development – from helping start-up ventures successfully position themselves to obtain private equity financing, to assisting established companies throughout the merger and acquisition process.