Step 10: Accounting Policies and Procedures (preview)
MEETS THE FOLLOWING DCAA REQUIREMENTS
- System is in full operation
One of the first requests from DCAA will be a written copy of your Accounting Policies and Procedures. From this document, DCAA will plan their audit. Therefore, it is important that you such a document ready for them, and that it accurately reflects your DCAA compliant processes. To assist you, we make available a 34-page template which you can edit.
description of accounts
You will need to list all of your cost of good sold (COGS), indirect pool and unallowable accounts, and describe their use in this document. Ensure that your list in your Accounting P&P matches exactly your Chart of Accounts.
Your Accounting P&P should provide . . .