Incurred Cost Audits: Determining Cost "Allowability" and "Allocability"

2nd National Conference on DCAA Audits

Strategies to Prepare and Manage Increasingly Complex and Frequent Audits

• How to determine cost allowability under FAR 31
• Providing proper documentation to meet evidence requirements that costs were incurred, including:
  • Vendor invoice
  • Receipt of payment from vendor
  • Canceled check
  • Bank statement
  • Work product of services provided by a vendor
• Allocability: Is Boeing North American still good law?
• Disallowing costs outside of FAR cost principles
• What are the effects of a failure to settle fi nal indirect rates
• Preparing for disagreements with DCAA regarding adequacy of supporting documentation
• Discussing possible consequences of the June 28, 2010 OUSD Memorandum by Ashton Carter and cost reduction goals