Remove Accountability Remove Import Remove Transparency
article thumbnail

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.

article thumbnail

What is Fair and Reasonable Transparency? 

The CGP

Keeping with the title and theme of the Coalition’s Fall Training Conference, “ What is Fair and Reasonable,” this week’s blog addresses what is fair and reasonable transparency. Transparency is the key to effective communication between and among stakeholders in the procurement process. Transparency is in the government’s interests.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Trust, Transparency, and Transformation

Extract Systems

In the ever-evolving landscape of government technology, the importance of data governance and the integration of artificial intelligence (AI) cannot be overstated. Experts emphasize the importance of laying the groundwork for transparent, explainable, and auditable AI systems, collectively referred to as TEA.

article thumbnail

Mastering Accounting for Unallowable Costs: A Guide to CAS 405 Compliance

Public Contracting Institute

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.

article thumbnail

What we’re getting wrong about accountability and citizen empowerment

Open Contracting Partnership

David is the founder of reAcción , a grassroots anti-corruption civil society organization that empowers young people in Paraguay to fight for government transparency and social accountability. Most e-governance technology that attempts to turn citizen feedback into actionable recommendations, is really about upward accountability.

article thumbnail

The Importance of Ethical Procurement Practices in Public Sectors

The Procurement School

The public procurement world is relatively small, and it seems everyone knows everyone, so reputations are important especially if you are just starting out in the profession. Procurement service providers work closely with public sector procurement consultants to streamline processes, maintain transparency, and uphold ethical standards.

Ethics 98
article thumbnail

IRS dinged by GAO for subpar documentation of AI audit models

FedScoop

With that in mind, the watchdog pointed to the usefulness of its AI accountability framework. The AI Framework emphasizes the importance of documentation to help ensure that the AI system’s objectives are met,” the GAO wrote. “It The IRS first piloted AI techniques for sampling tax returns in NRP audits during the 2019 filing season.