Proper Segregation of Costs

Proper Segregation of Costs

Contractors must develop a Chart of Accounts (COA) that identifies direct and indirect costs separately. Indirect cost accounts must be specifically identifiable into a logical set of indirect account groupings. Direct and indirect costs should be identified through...
Provisional Billing Rates

Provisional Billing Rates

Provisional Billing Rates for your Cost Reimbursable Contracts are due 90 days after your company’s fiscal year end, which for most companies, is March 31st. That date is fast approaching. What are Provisional Billing Rates? As part of holding a cost reimbursable type...

DCAA OIG Hotline — DCAA Compliance

As Q1 wraps up, McNew wants to ensure you have information you need to remain compliant.  One of the requirements being asked about during recent audits is the DCAA Hotline. Make sure to add this information to your Policies & Procedures. The DCAA OIG Hotline...