2023 DoD Full Financial Audit Results

Last week, the Pentagon released their annual department-wide Audit results for FY2023. For the sixth year in a row, the Defense Department was unable to achieve a clean audit opinion. Meaning that more than half of their assets did not meet auditing standards and the DoD did not pass the audit. 2023 DEFENSE AUDIT RESULTS [...]

By |2023-11-21T13:22:57-04:00November 21st, 2023|Blog|Comments Off on 2023 DoD Full Financial Audit Results

New Updated DCMA Survival Guide

In 2017, we wrote the original DCMA Survival Guide to provide the GovCon community support in navigating the challenging DCMA Audit landscape. Government contractors need to stay compliant and up to date with the detailed requirements and obligations of their contracts. Specifically, all employees need to have a thorough understanding of their contract obligations as well [...]

By |2023-11-14T12:33:12-04:00February 21st, 2023|Blog|Comments Off on New Updated DCMA Survival Guide

Greater Accountability needed for Government Furnished Property

This week the GAO recommended that the Defense Dept. develop a strategy to address the material weaknesses surrounding government furnished property (GFP). Auditors have been reporting on the GFP-related material weakness for decades. This recent GAO report acknowledged that greater accountability is needed for government property in the possession of contractors and that a comprehensive [...]

By |2023-02-01T14:12:00-04:00January 18th, 2023|Blog|Comments Off on Greater Accountability needed for Government Furnished Property

How to Prepare for DCMA and your Contract Obligations

The Defense Contract Management Agency (DCMA) is an agency tasked with supporting the Department of Defense (DoD), working directly with defense suppliers and contractors. The agency oversees the compliance process that was mandated by the DoD for the acquisition and handling of certain government equipment. A central part of DCMA's mission is to ensure that [...]

By |2022-02-22T17:30:26-04:00February 18th, 2022|Blog|Comments Off on How to Prepare for DCMA and your Contract Obligations

Deltek Costpoint Integration to pass DCMA Audits

This article was originally published on the Deltek Costpoint blog. Read the entire article there. Passing DCMA Audits with A2B Tracking and Costpoint By Peter Collins Defense Contract Management Agency (DCMA) Audits come with the territory when conducting business with the United States Department of Defense (DoD) and other government agencies. DCMA Audits ensure that [...]

By |2021-10-27T11:59:12-04:00October 27th, 2021|Blog|Comments Off on Deltek Costpoint Integration to pass DCMA Audits

Trident Research Achieves Effective DCAA and DCMA Compliance

Trident Research Case Study Trident Research is an engineering solutions company with headquarters located in Austin, Texas. Their mission is to create world class instrumentation systems and technologies that push the boundaries of innovation. Founded in 2001, Trident benefits from the close proximity to the University of Texas at Austin and leverages the creative [...]

By |2021-09-01T15:10:39-04:00September 1st, 2021|Blog, Industry News|Comments Off on Trident Research Achieves Effective DCAA and DCMA Compliance

DCAA and DCMA Audit Obligations for Defense Contractors

This article was originally published in the Deltek Government Contracting Blog. To read the entire Deltek article click here. DCAA and DCMA Audit Obligations for Defense Contractors By Peter Collins The two previous fiscal years (2018 and 2019) marked the first full financial statement audits of the Department of Defense (DoD). These were massive audits [...]

By |2021-11-16T11:53:43-04:00October 14th, 2020|Blog|Comments Off on DCAA and DCMA Audit Obligations for Defense Contractors

Preparing for DCAA and DCMA Audits

The DoD has been trying to improve its financial accountability for years. One could easily point to the 1990 CFO Act as a significant milestone that recognized the need to improve the government’s financial management. Unfortunately, the Defense Department is the only federal executive agency that has not passed a financial statement audit since then.     [...]

By |2020-10-05T13:35:37-04:00September 22nd, 2020|Blog|Comments Off on Preparing for DCAA and DCMA Audits

Government Property Audit Webinar

A2B Tracking Webinar Series presents:Government Property Audits in 2020Thursday, May 7th  at 2:00pm ET Annual Defense Audits are the new normal. But in 2020, there is an increased focus on the accountability of government property in the possession of contractors. This increased emphasis is putting pressure on Defense Contractors to maintain existence and completeness of [...]

By |2020-04-16T20:24:25-04:00April 16th, 2020|Blog, Uncategorized|Comments Off on Government Property Audit Webinar

The 2019 Defense Audit Results

The Defense Department continues it’s annual full financial Audit into fiscal year 2020. Last month, the DoD announced the 2019 Defense Audit results. For the second year in a row, the DoD officially failed the 2019 Audit; but, the Pentagon quickly reassured everyone that a clean opinion was not expected due to the size and scope [...]

By |2019-12-17T16:26:57-04:00December 17th, 2019|Blog|Comments Off on The 2019 Defense Audit Results
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