Leyden Solutions has successfully passed the Defense Contract Audit Agency (DCAA) audit! This rigorous audit affirms our dedication to maintaining the highest standards of financial and operational integrity within the U.S. government contracting space.
The DCAA audit is a comprehensive review conducted by the DCAA to ensure that government contractors comply with federal regulations and guidelines, particularly in terms of financial and accounting practices. The audit focuses on evaluating a contractor's accounting systems, cost proposals, and incurred costs to ensure that they are fair, reasonable, and in accordance with the Federal Acquisition Regulation (FAR) and other contracting laws.
To pass the DCAA audit, companies must maintain detailed and accurate financial records, adhere to Cost Accounting Standards (CAS), have an accounting system that meets DCAA requirements, and companies must open communication and cooperation with DCAA auditors throughout the audit process.
Successfully passing the DCAA audit is a significant achievement for Leyden. It enhances our credibility and strengthens our position as a trusted partner in the defense contracting sector. We extend our gratitude to our dedicated team for their hard work and diligence in achieving this accomplishment.
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