This resource is a detailed overview explaining DCAA compliance requirements and Cost Accounting Standards (CAS) for government contractors pursuing federal contracts. Many business professionals entering government sales struggle with the complex accounting and audit requirements that accompany federal contracting, particularly when dealing with cost-type contracts or contracts exceeding specific dollar thresholds. The RSM Federal Sales Training Center provides this guidance to help contractors understand and prepare for DCAA audits while maintaining compliance with federal regulations.

This resource breaks down the two levels of CAS coverage – full coverage for contracts over $50 million and modified coverage for smaller contracts – along with specific exemptions that apply to certain contract types. You’ll discover critical timekeeping requirements, labor charging systems, and the separation of direct and indirect costs that DCAA auditors scrutinize during pre-award and post-award audits. Additionally, this guide explains subcontractor responsibilities, small business considerations, and provides preparation checklists for different types of DCAA audits including segregation of costs, job cost accounting, and internal control procedures.

Contractors who master DCAA compliance strategies position themselves to win government contracts by demonstrating financial accountability and operational readiness that federal agencies demand. This resource eliminates the confusion surrounding cost accounting standards by providing actionable preparation steps, compliance checklists, and contact information for DCAA support. Government sales professionals following these proven methodologies avoid costly audit findings and contract delays that derail other contractors in the competitive federal marketplace.