Often the timekeeping requirements for government contractors are a source of frustration for employees, but they are a necessary evil for all companies doing business with the U.S. Government. In this course we demystify the rules and requirements around timekeeping with an emphasis on explaining why timekeeping controls are not only necessary, but important for protection of both the employee and the company. This course addresses both critical controls around timekeeping, as well as the individual liability for employees charging time to U.S. Government contracts where their timesheet forms the basis of a claim as part of the invoicing process. At the completion of the course, attendees will have a greater understanding of required timekeeping controls and the employee’s role in ensuring compliance with U.S. Government contracts.
The Defense Contract Audit Agency (DCAA) utilizes labor floorcheck audits as part of their real-time testing of employee labor controls. The floorcheck process is often overwhelming for employees because interacting with government auditors is not a routine occurrence for personnel outside of a company’s accounting or compliance areas. This course provides an overview of the DCAA Labor Floorcheck process from an employee perspective and offers interactive scenarios covering the questions asked of employees by DCAA.
Narration is provided by a former DCAA auditor and explains the “why?” behind the questions asked by auditors. This knowledge is invaluable to both the employee and the company to ensure that employees are informed and prepared for DCAA Labor Floorchecks.