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 continuing control deficiencies related to transaction cycles increase the risk of financial statement misstatements,” the GAO said in its report.

Internal Control 84

Internal Control Accountability Management Data 84

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. It will release the first list of prioritized AI tools by September 30.

Internal Control 59

Internal Control Public Private Partnership Networking Sustainability 59

Capital Edge Consulting

SEPTEMBER 11, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

Accountability 52

Accountability Internal Control Distribution Consulting 52

Government Contracts Legal Forum

JULY 10, 2024

The Department of Defense (DoD) recently announced that it seeks public comments on a proposed change to the contractor business systems regime. The clauses allow the government to temporarily withhold payment on a covered contract if a significant deficiency in a business system is identified.

Internal Control 52

Internal Control Material Management Accountability Purchasing 52

Capital Edge Consulting

AUGUST 14, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

Accountability 52

Accountability Internal Control Distribution Consulting 52

Capital Edge Consulting

AUGUST 14, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

Accountability 52

Accountability Internal Control Distribution Consulting 52

Capital Edge Consulting

AUGUST 2, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

Accountability 52

Accountability Internal Control Distribution Consulting 52

Government Contracts & Investigations

SEPTEMBER 25, 2023

The Department of Defense (DoD) has designated DCAA to establish and conduct a program for performing regularly scheduled defective pricing audits. [5] 5] Based on inter-agency agreements, this program includes contracts awarded by certain non-DoD agencies as well as DoD contracts. [6]

Negotiation 98

Negotiation Price Government Contracts IT 98

Capital Edge Consulting

JULY 2, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

Contract 52

Contract Accountability Internal Control Distribution 52

Capital Edge Consulting

JULY 2, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

Contract 52

Contract Accountability Internal Control Distribution 52

Capital Edge Consulting

JUNE 13, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

Accountability 52

Accountability Internal Control Distribution Consulting 52

Capital Edge Consulting

MAY 10, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

Price 52

Price Government Contracts Government Government 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. This matter highlights the dangers to companies with global operations posed by inadequate internal accounting controls,” said Charles Cain, Chief of the SEC’s FCPA Unit. 3M agreed to pay the SEC $6.5

Corruption 61

Corruption Internal Control Telecommunication Accountability 61

Capital Edge Consulting

MARCH 20, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

Accountability 52

Accountability Internal Control Distribution Consulting 52

Capital Edge Consulting

FEBRUARY 6, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

Negotiation 52

Negotiation Accountability Internal Control Distribution 52

Capital Edge Consulting

JANUARY 19, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

Accountability 52

Accountability Internal Control Distribution Consulting 52

Capital Edge Consulting

SEPTEMBER 22, 2023

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

Accountability 52

Accountability Internal Control Distribution Consulting 52

Whistleblower Network News

NOVEMBER 15, 2023

The internal research team detailed the staggering levels of abuse that teens aged 13-15 experience weekly: 21.8% of 13-15 year olds said they were the target of bullying in the past seven days 39.4% He reported this information to Mark Zuckerberg, Adam Mosseri, and Sheryl Sandberg via email on October 5, 2021.

Engineering 76

Engineering Media Internal Control Integration 76

Government Contracts & Investigations

DECEMBER 6, 2023

As soon as Lifecore learned of this scheme, it conducted a thorough internal investigation and immediately addressed the illegal activity. 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]

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. Second, cooperation includes sharing all facts from an internal investigation and preserving relevant evidence. Early detection is vital.

Evaluation 52

Evaluation Government Contracts Ethics Government 52

Government Contracts & Investigations

FEBRUARY 29, 2024

The previous four Cost Corner articles addressed the Cost Principles pertaining to the general criteria for determining the allowability of costs, direct and indirect costs, accounting for unallowable costs, and penalties for unallowable costs. 1] This definition is quite broad.

Price 52

Price Government Contracts Government Government 52