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Demystifying the Pass/Fail, Adequate/Inadequate, of DCAA Pre-award/Post-award Accounting System Surveys/Audits

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A lot is being said about the DCAA moving to providing only a Pass/Fail option for a firms accounting system.  Along with this misinformation are many scare tactics designed to influence the small business to invest large sums into the design, setup and implementation of their accounting systems and related controls.

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