In its 2017 report to Congress, DCAA stated that it is, "back on track to eliminate its (incurred cost) backlog by September 30, 2018." Although some doubt the validity of DCAA's self-declared success, the real question - what is the impact on contractors - good, bad or both?

This webinar will discuss the implications including the mutual benefits of more current audits, but also the hidden risks to government contractors audited or potentially audited by DCAA:

• Brief description of the regulation which requires contractor incurred cost proposals
• Events that caused DCAA to all-but stop auditing incurred cost proposals; hence, the backlog
• DCAA actions to reduce the backlog, notably no longer auditing "low risk" auditors
• DCAA's historical and current count of proposals awaiting audit and the changing definition of an acceptable inventory
• Types of audits which have been deferred pending DCAA's elimination of the backlog
• DCAA's future audit priorities and how more current audits exposes contractors to more risks (accounting systems in particular)
• "Connecting the dots" or knowing how DCAA expands incurred cost issues (if current) into other compliance issues

This webinar is sponsored by JAMIS.