Capital Edge Consulting

SEPTEMBER 27, 2024

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.

Internal Control 52

Internal Control Accountability Government Contracts Consulting 52

Capital Edge Consulting

MAY 10, 2024

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.

Price 52

Price Government Contracts Government Government 52

FedScoop

APRIL 26, 2024

A handful of security deficiencies in IRS information systems elevate the tax agency’s risk of inaccuracies in financial statements, the Government Accountability Office said Thursday. The post Security flaws in IRS systems pose risk to financial statements, GAO says appeared first on FedScoop.

Internal Control 99

Internal Control Accountability Management Data 99

Redstone Government Consulting

SEPTEMBER 11, 2024

When you receive a grant, you are expected to have internal controls in place such as policies and procedures, segregation of duties, timekeeping, documentation requirements, etc. If you do not have internal controls, you will need to implement them as soon as possible after award.

Internal Control 52

Internal Control Accountability Government Government 52

Federal News Network

JUNE 3, 2024

62-year-old Robert Burke, a retired four-star admiral, is facing up to 30 years in prison for an alleged scheme to steer a government contract to a company in exchange for future employment. After requesting a withdrawal from their TSP account, users no longer have to wait 30 days to request a second withdrawal.

Accountability 124

Accountability Internal Control Participation Networking 124

Government Contracts Legal Forum

JULY 10, 2024

The clauses allow the government to temporarily withhold payment on a covered contract if a significant deficiency in a business system is identified. The post Taking Care of Business (Systems): DoD Proposes to Change the Definition of a Business System Deficiency appeared first on Government Contracts Legal Forum.

Internal Control 52

Internal Control Material Management Accountability Purchasing 52

Federal News Network

JUNE 28, 2024

An examination of DOD’s struggling background check system - House Oversight and Accountability Committee ) For the first time in a decade, the Government Accountability Office is out with a proposed revision of federal internal controls. Comments on the proposed revisions are due by August 26. (

Internal Control 59

Internal Control Public Private Partnership Networking Sustainability 59

Capital Edge Consulting

SEPTEMBER 24, 2024

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.

Accountability 52

Accountability Internal Control Distribution Consulting 52

Capital Edge Consulting

SEPTEMBER 24, 2024

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.

Accountability 52

Accountability Internal Control Distribution Consulting 52

Capital Edge Consulting

SEPTEMBER 11, 2024

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.

Accountability 52

Accountability Internal Control Distribution Consulting 52

Government Contracts & Investigations

SEPTEMBER 25, 2023

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government Contractors. 4] TINA is intended to “level the playing field” by providing Government negotiators the same cost or pricing data available to contractors.

Negotiation 98

Negotiation Price Government Contracts IT 98

Capital Edge Consulting

AUGUST 14, 2024

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.

Accountability 52

Accountability Internal Control Distribution Consulting 52

Capital Edge Consulting

AUGUST 14, 2024

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.

Accountability 52

Accountability Internal Control Distribution Consulting 52

Government Contracts & Investigations

FEBRUARY 29, 2024

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This article begins coverage of FAR 31.205, Selected Costs, which includes forty-seven Cost Principles, each of which governs the allowability of a particular type of cost.

Price 52

Price Government Contracts Government Government 52

Capital Edge Consulting

AUGUST 2, 2024

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.

Accountability 52

Accountability Internal Control Distribution Consulting 52

Whistleblower Network News

OCTOBER 4, 2023

million to settle charges that it violated the books and records and internal controls provisions of the FCPA. However, the arrangements to attend the events were often a pretext to provide the Chinese government officials with overseas travel, including tourism activities, to induce them to purchase 3M products.”

Corruption 64

Corruption Internal Control Telecommunication Accountability 64

Capital Edge Consulting

JULY 2, 2024

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.

Contract 52

Contract Accountability Internal Control Distribution 52

Capital Edge Consulting

JULY 2, 2024

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.

Contract 52

Contract Accountability Internal Control Distribution 52

Capital Edge Consulting

JUNE 13, 2024

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.

Accountability 52

Accountability Internal Control Distribution Consulting 52

Capital Edge Consulting

APRIL 10, 2024

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.

IT 52

IT Accountability Internal Control Distribution 52

Capital Edge Consulting

MARCH 20, 2024

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.

Accountability 52

Accountability Internal Control Distribution Consulting 52

Capital Edge Consulting

FEBRUARY 6, 2024

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.

Negotiation 52

Negotiation Accountability Internal Control Distribution 52

Capital Edge Consulting

JANUARY 19, 2024

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.

Accountability 52

Accountability Internal Control Distribution Consulting 52

Capital Edge Consulting

SEPTEMBER 22, 2023

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.

Accountability 52

Accountability Internal Control Distribution Consulting 52

Government Contracts & Investigations

DECEMBER 6, 2023

In February, the DOJ announced the latest iteration of its voluntary self-disclosure policy , outlining new incentives for companies to report corporate misconduct before an “imminent threat of disclosure or government investigation.” [2] 3] What is the FCPA? 3] What is the FCPA? The Foreign Corrupt Practices Act (“FCPA”) prohibits U.S.

Corruption 52

Corruption Internal Control Ethics Accountability 52

Whistleblower Network News

NOVEMBER 15, 2023

Sophie Zhang , former Meta data scientist on the Facebook Site Integrity fake engagement team, detailed blatant attempts by foreign national governments to abuse the platform to mislead their own citizenry on multiple occasions in a leaked exit memo in 2020.

Engineering 84

Engineering Media Internal Control Integration 84

Government Contracts Legal Forum

AUGUST 9, 2024

Government contractors, in particular, operate in a highly complex regulatory environment and have additional motivations to detect and mitigate the risk of criminal liability. is a good example of the consequences faced by government contractors due to employee misconduct. million in kickbacks from subcontractors.

Evaluation 52

Evaluation Government Contracts Ethics Government 52