The audit is based upon the assumption that the final voucher has been prepared on the following items.
Government contractors are required to invoice directly from the accounting records. Voucher audits are reconciled to the accounting records and ICE. Voucher audits can occur anytime during the contract time period. During the course of the Standard Voucher Audit, the Defense Contract Audit Agency (DCAA) will be able to evaluate the functionality of the accounting system to ensure its operations in an “adequate” stance. It is recommended that your company review its vouchers mid-year-end before preparing the Incurred Cost Proposals.
Contact us today to review your vouchers and ensure your company is ready for the Voucher Audit.