American City & Country

OCTOBER 11, 2024

P-card abuse or misuse is an emerging and troubling trend and organizations need to improve their internal control systems to mitigate risk. While the benefits of a p-card program are significant, so are the risks of fraud and misuse, necessitating a robust internal control system.

Purchasing 105

Purchasing Procurement Internal Control Efficiency 105

Public Contracting Institute

JULY 8, 2024

Introduction to CAS 405 and Unallowable Costs In the complex world of government contracting, understanding and properly accounting for unallowable costs as per Cost Accounting Standard (CAS) 405 is crucial for success. Let’s dive into the intricacies of CAS 405 and explore how proper compliance can benefit your organization.

Accountability 52

Accountability Internal Control Price Government Contracts 52

SmallGovCon

JANUARY 20, 2025

While its hard to know exactly what Congress is referring to, it could mean professional standards such as those established by industry groups including public accounting rules. It will also change the title of the part from Improper Business Practices and Personal Conflicts of Interest to Business Ethics and Conflicts of Interest.

Influencing 105

Influencing Contract Consulting Internal Control 105

Government Contracts & Investigations

DECEMBER 6, 2023

“Within three months of first discovering the possibility of misconduct and hours after an internal investigation confirmed that misconduct had occurred” Lifecore voluntarily self-disclosed to the DOJ. [6] g)(1)) (accessible here ). [3] 4, 2023) (accessible here ). [4] 4] 15 U.S.C. §§ 78dd-1, et seq. [5] 8] See id.

Corruption 52

Corruption Internal Control Ethics Accountability 52

Government Contracts Legal Forum

AUGUST 9, 2024

This includes offenses such as small business fraud, defective pricing, nonconforming products and product substitution, labor mischarging, gifts and gratuities violations, and cost-accounting fraud. The bottom line: When it comes to potential criminal liability, no government contractor should assume, “It can’t happen here.”

Evaluation 52

Evaluation Government Contracts Ethics Government 52

Federal News Network

MARCH 26, 2025

And that’s called the internal controls and books and records provisions, or what we call the accounting provisions. And if they have controls that allow that sort of thing, then they have a weakness in their internal controls, and that’s a violation of the internal controls provisions.

Corruption 80

Corruption Internal Control Accountability Quality 80