How to surviving a DCAA audit of your company’s forward pricing and incurred cost rates, winning the executive compensation argument against DCAA, and a general update on a variety of DCAA hot topic issues such as an inadequate timekeeping system, record retention and certain cost principles from FAR part 31. A brief intermission will be taken to consume adult beverages before learning about how to navigate the pitfalls of prime / subcontractor relationships, what FAR clauses should prime contractors flow down to their subcontractors, and what rights do subcontractors have against the prime contractor.