How to Obtain an Audit of Our Accounting System
Q. We are a company barely starting out and interested in going after a cost reimbursable type contract where the RFP says the winning contractor must have its accounting system approved by a government auditing agency. I understand that the contractor cannot just call DCAA to come and audit its books but how do we get a government sponsorship for the CO to request an audit on our behalf?
A. When you are a strong contender for an award the agency will usually ask DCAA to conduct an audit of your accounting system. Sometimes if they are in a hurry to award the contract, they will request an accounting system review soon after the award. Either way, you usually have to have an audit opinion saying your system is “adequate” to be able to continue performing.
