Podcast B101: Government Contracting: NAV-Business Central and Power BI for DCAA Compliance

When it comes to compliance for government contractors, there’s a lot you need to know. The rules and regulations for business systems set out by the Defense Contract Audit Agency (DCAA) and those established by the Defense Contract Management Agency (DCMA) for physical assets can be dense, to say the least. As intricate as the regulations may be, any system can be compliant. So what exactly do these two agencies look for? For DCAA, being compliant means adhering to the three major standards and guidelines: Cost Accounting Standards (CAS), Federal Acquisition Regulations (FAR), the Generally Accepted Government Accounting Standards (GAGAS). These standards outline how government contractors need to set up their system and contracts for accounting and cost reporting (pre- and post-award). Altogether, the regulations set by DCAA are intended to ensure that government contractors are financially stable enough to deliver appropriate services and complete contracts. Presented by: Bill Jones, VP Operations for GovCon365 at XTIVIA, Inc., Paul Skurpski, VP of Sales for GovCon365 at XTIVIA, Inc.