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Cost Accounting Standards Guide and CAS Requirements for Government Contractors

Capital Edge Consulting

Insight by: Norman McCord, Senior Manager Summary Timekeeping for government contractors is essential. Labor is among the largest contract cost recorded to Government contracts. Labor is among the largest contract cost recorded to Government contracts. It also helps the auditor to determine if Total Time Accounting is used.

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GAO Rejects EY Protest Over $108M DOD Accounting Deal

Government Contracts

Government Accountability Office has denied Ernst & Young LLP's protest over a $107.8 million accounting services deal in support of U.S. Transportation Command, awarded to KPMG LLC, finding that the agency reasonably evaluated both companies' proposals.

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Understanding the Importance of a DCAA Approved Accounting System

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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GAO Decision Highlights Agency’s Evaluation of Mentor-Protégé Joint Venture

Discussions & Clarifications

A recent Government Accountability Office (“GAO”) decision highlights the Small Business Administration’s (“SBA”) regulations relating to agency evaluations of a mentor-protégé joint venture’s past performance and experience, including under the SBA’s joint venture workshare rule.

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CSO Requirements for Government Contractors

GovCon & Trade

We defined CSOs as “another pathway for nontraditional technology companies to provide goods and services to the federal government. We recently authored an article for Reuters examining Commercial Solutions Openings, a contracting mechanism through the Department of Defense (DoD), which seeks innovative commercial technologies or services.

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GAO Backs Navy's Cost Realism Evaluation For Support Deal

Government Contracts

Government Accountability Office denied a joint venture's protest of a U.S. Navy decision to tap a competitor for an operations support deal in the Philippines, saying the protest was based on a misunderstanding of cost realism evaluation requirements.

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Cost Accounting Standards - What Contractors Need to Know

Capital Edge Consulting

Insight by: Norman McCord, Senior Manager Summary Timekeeping for government contractors is essential. Labor is among the largest contract cost recorded to Government contracts. Labor is among the largest contract cost recorded to Government contracts. It also helps the auditor to determine if Total Time Accounting is used.