Companies providing services to Department of Defense agencies need to comply with Defense Contract Audit Agency (DCAA) standards for management policies, financial systems, accounting reliability, cost reasonableness and more. DCAA-compliant accounting is critical, but many organizations struggle with staying on top of the requirements—and they risk failing a DCAA audit.
Part of health care reform in America, the Physician Payments Sunshine Act (commonly referred to as the Sunshine Act) brought much needed transparency to the general public, but also provided a series of challenges for financial professionals at manufacturers of covered drugs, devices, biologicals and medical supplies and group purchasing organizations
Do you know if you’re compliant? The Defence Contract Audit Agency (DCAA) has a strict set of rules for companies providing services to Department of Defense agencies. Management policies, financial systems, accounting reliability, cost reasonableness and other aspects of the service must comply with DCAA standards. Nexonia, with its extensive features, fast implementation and cost-effectiveness, provides seamless DCAA-compliant time and expense-tracking, with a multitude of billing capabilities.