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What Are The Cost Accounting Standards?

Capital Edge Consulting

In government contracting, maintaining a DCAA-approved accounting system is crucial. The Defense Contract Audit Agency (DCAA) enforces strict guidelines to ensure that contractors accounting systems meet the standards required for compliance. Key Takeaways: Overview of DCAA Approved Accounting System essentials.

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As the Acquisition World Turns: OFPP turns heat up on primes

Federal News Network

And the oversight and accountability of subcontracting efforts by prime contractors is getting more scrutiny. The Government Accountability Office’s annual report to Congress on the state of bid protests always is fascinating. The SBPCD is the prime contractor’s proposed response to the small business participation evaluation factors.

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Empowering the public sector with secure, governed generative AI experimentation

AWS Public Sector

Skills and capability gaps – Public sector organizations often lack the in-house artificial intelligence (AI) and machine learning (ML) expertise required to effectively evaluate, deploy, and maintain generative AI systems. The major components are an AWS account, AWS IAM Identity Center, and Amazon Bedrock.

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2024 NDAA will Update DFARS to Require Evaluation of Small Business Affiliate Past Performance

SmallGovCon

The 2024 NDAA is directing quite a change in past performance evaluations for offerors in Department of Defense acquisitions. The post 2024 NDAA will Update DFARS to Require Evaluation of Small Business Affiliate Past Performance first appeared on SmallGovCon - Government Contracts Law Blog.

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How credit unions can evaluate their FFIEC, NCUA cyber compliance using AWS

AWS Public Sector

This blog post outlines how credit unions can use AWS to evaluate their compliance with Federal Financial Institutions Examination Council (FFIEC) and National Credit Union Administration (NCUA) requirements. Figure 1 features a high-level architecture for evaluating workloads for FFIEC and NCUA compliance.

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Coming to a contract protest near you, loser pays legal fees

Federal News Network

It calls on the Defense Department and the Government Accountability Office to develop a plan to test a novel idea: having companies that lose bid protests to repay DoD for legal costs. A clause in the Defense Authorization law for 2025 has procurement attorneys sitting up in their chairs. But other agencies don’t always do that.

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GAO: Agency Must Recognize Novation as Part of Pending Offer

SmallGovCon

After a complicated procedural history, GAO said that an agency must take into account a corporate transaction and novation, even if the agency wasn’t aware of the novation at time of proposal submission. ” GAO said that the agency did not properly account for the effect of the merger.