Creative Receives Key DCAA Determination
Creative Systems and Consulting(Creative) today announced it has successfully met several key milestones that ensure its accounting systems meet necessary regulations and compliance for federal contracts. Through its successful completion of a Defense Contract Audit Agency (DCAA) cost accounting system pre-award audit, Creative has achieved compliance with Federal Acquisition Regulation (FAR) requirements and has received the DCAA's important Adequacy determination.
The DCAA accounting system Adequacy determination indicates that the Creative cost accounting system is adequate for accumulating and billing costs under government contracts and is suitable for the award of prospective federal cost type contracts. Achieving the DCAA Adequacy determination will enable Creative to remain compliant with U.S. federal government cost accounting standards that are incorporated into the FAR, while seeking and maintaining important government contracts.
"Creative is pleased to have successfully demonstrated our capabilities in complying with the requirements outlined in the FAR and in attaining the favorable accounting system determination," said Vanitha Khera, CEO. "This will help Creative to grow further in Federal agencies and pursue contracts that require DCAA compliant accounting systems"
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