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Biden signs GSA tech accountability bill into law

FedScoop

The General Services Administration will be required to more thoroughly account for many of its technology projects under legislation that became law this week. The post Biden signs GSA tech accountability bill into law appeared first on FedScoop. And that country is the United States.

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Accounting software keeps small business out of federal market

Federal News Network

Jim Wesloh Well, we focus on government contract accounting, including timekeeping expense reports, the entire general ledger and project management and project reports. Or do the accounting for my government programs, and not worry about commercial contracts if they had the commercial contracts before? Especially small businesses.

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Cost Accounting Standard (CAS) 411 – Accounting for Acquisition of Material Cost

Redstone Government Consulting

CAS 411 provides criteria for accounting for the measurement and assignment of material costs to cost objectives and follows generally accepted accounting principles (GAAP). If you don’t have contracts subject to full CAS, then FAR 31.205-26 Material costs requires contractors to implement GAAP when accounting for material.

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DoD’s multibillion dollar moving contract overcomes latest IT integration hurdle

Federal News Network

The intent of this program is to redefine the moving experience of our military personnel and their families, and to deploy an IT backbone with intelligence to retain data and knowledge that allows for optimization and importantly, accountability. So in short, a delay of one year. So I expect more noise in that sense. No, I’m not.

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Samherji vs. Odee: Art, Accountability, and the Limits of Parody

Whistleblower Network News

Credit for photo – Davíð Þór Guðlaugsson The post Samherji vs. Odee: Art, Accountability, and the Limits of Parody appeared first on Whistleblower Network News. Shortly after the fake website launch, Samherji issued a statement denouncing the spoof and then initiated legal proceedings in London.

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Contractor’s dispute over cost-accounting standards has roots dating back 17 years

Federal News Network

Sikorsky Aircraft and the Defense Department have been arguing in court for the past 17 years, over the company’s compliance with cost-accounting standards. So, what happens, if you’ve got a contract that’s subject to the full cost accounting standards, you have to submit a disclosure statement. Zach Prince Yes.

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IRS needs to move quicker on its IT modernization planning, GAO says

FedScoop

The Internal Revenue Service needs to pick up the pace on finalizing its IT modernization plans or risk falling short of the transformational potential it’s been afforded by a multibillion-dollar funding infusion, according to a new Government Accountability Office report. The tax agency said it spent $3.3

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