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Procurement purchasing card perils: Will you be the next headline?

American City & Country

P-card abuse or misuse is an emerging and troubling trend and organizations need to improve their internal control systems to mitigate risk. While the benefits of a p-card program are significant, so are the risks of fraud and misuse, necessitating a robust internal control system. office of UHY Advisors Inc.

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What is Enterprise BI? Everything You Need to Know

Capital Edge Consulting

Instead, the DCAA evaluates whether a contractor’s accounting system meets the required standards based on specific accounting methods, procedures, and internal controls. Internal Controls : Strong internal controls are necessary to ensure the accuracy and reliability of financial reporting.

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Understanding the Importance of a DCAA Approved Accounting System

Capital Edge Consulting

Instead, the DCAA evaluates whether a contractor’s accounting system meets the required standards based on specific accounting methods, procedures, and internal controls. Internal Controls : Strong internal controls are necessary to ensure the accuracy and reliability of financial reporting.

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Small Business Reality vs. DCAA Accounting System Expectations

Redstone Government Consulting

Every small business that receives a Federal Government cost reimbursable contract is expected, by the Defense Contract Audit Agency (DCAA), to have a “sound internal control environment, accounting framework, and organizational structure.”

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Key Grant Regulations You Need to Know to Stay Compliant and Avoid Penalties

Redstone Government Consulting

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.

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Application of CAS to Indefinite Delivery Vehicles (IDVs)

Capital Edge Consulting

The following are subject matter areas that represent critical timekeeping internal controls. Have questions or need consulting expertise regarding DCAA Audits? Contact the experts at Capital Edge Consulting today. What is Necessary to Satisfy DCAA Timekeeping Requirements? We can help!

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Conformance of CAS to GAAP

Capital Edge Consulting

The following are subject matter areas that represent critical timekeeping internal controls. Have questions or need consulting expertise regarding DCAA Audits? Contact the experts at Capital Edge Consulting today. The post Conformance of CAS to GAAP appeared first on Capital Edge Consulting. We can help!