Government Accounting Requirements and Preparing for Contract Audits (WA)

Jeffrey Hetrick

Jeffrey “Jeff” Hetrick retired in 2013 after 34.5 years of Federal Service where he worked for the Defense Contract Audit Agency (DCAA).  During his career, Jeff held numerous positions with DCAA, including comprehensive labor auditor, supervisory auditor, EDP auditor, DCAA Headquarters Program Manager, and Branch Manager.  From October 2003 until his retirement, he was the Branch Manager of the Fairfax Branch Office where he managed an audit staff of approximately 40 auditors.  He was responsible for all DCAA audits performed at both large major defense contractors and numerous smaller contractors under his cognizance.  These audits included annual audits of incurred costs, business system audits, audits of forward pricing proposals and rate agreements, CAS compliance, financial capability, claims and equitable adjustments, and defective pricing. During his time as a DCAA Headquarters Program Manager, Jeff was selected to participate in the LEGIS program and spent 6 months working on Capitol Hill for Congressman John Spratt (D-South Carolina).  He provided accounting and auditing advice and research to the Congressman in raising the TINA threshold.  In addition, he helped prepare the DCAA Director and Deputy Director for numerous testimonies before both House and Senate Committees.In early 2003, Jeff was selected by the DCAA Director to lead a team to review the Iraq Reconstruction Contingency contracting efforts of the Department of Defense.  He presented the team’s findings and recommendations to the DOD Comptroller resulting in contingency contracting reforms.  These efforts earned Jeff the DCAA Meritorious Civilian Service Award, the second highest award given by DCAA. Jeff holds a CPA License in the state of Virginia. He graduated from George Mason University with a B.S. in Business Administration (Accounting) and an M.S. in Information Systems. He also has an M.S. in Administration from Central Michigan University.