The U.S. government is the largest company in the world. The federal government signs over 11 million contracts a year. Companies are winning and are awarded new contracts daily. There are 4 basic contract types: fixed price, time and materials, cost plus, and indefinite quantity/indefinite delivery (IDIQ). The Defense Contract Audit Agency (DCAA) is the largest audit agency within the government. They are tasked with auditing federal contracts. For more information, view the infographic below and visit KDuncan & Company.

All About Government Contractor Accounting

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