Remove Consulting Remove Government Contracts Remove Internal Control
article thumbnail

Mastering Inflation: Navigating Fixed-Price Economic Price Adjustments in Government Contracts

Capital Edge Consulting

Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internal controls.

Price 52
article thumbnail

What is Enterprise BI? Everything You Need to Know

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. Importance of maintaining compliance with DCAA for government contracts.

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

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. Importance of maintaining compliance with DCAA for government contracts.

article thumbnail

Government Contracts Cost and Pricing: The Truth in Negotiations Act, or Whatever the Kids Are Calling It These Days (Part 3)

Government Contracts & Investigations

14] DCAA’s risk assessment is based on discussions with the contracting officer, the price negotiation memorandum (PNM), the contractor’s audit history (permanent file), publicly available information, and information obtained from the contractor. [15] Implement policies, procedures, and internal controls.

article thumbnail

Application of CAS to Indefinite Delivery Vehicles (IDVs)

Capital Edge Consulting

Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internal controls.

article thumbnail

Conformance of CAS to GAAP

Capital Edge Consulting

Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internal controls.

article thumbnail

Conformance of CAS to U.S. GAAP for Operating Revenue and Lease Accounting

Capital Edge Consulting

Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internal controls.