GovCon Wednesdays Estimated Read Time: 5 minutes If you’ve been around GovCon long enough, you’ve heard it: timekeeping is the fastest way to fail an audit. That’s not because auditors expect perfection—it’s because labor is often the largest cost on Government contracts, and weak timekeeping controls create risk of labor mischarging. DCAA’s own contractor guidance emphasizes that your labor charging system must properly identify labor by cost objective and maintain controls and… Read More
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