This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
We just completed two articles on the Truth in Negotiations Act (TINA) [1] and, before that, two articles on Defense Contract Audit Agency (DCAA) audits. 5] Based on inter-agency agreements, this program includes contracts awarded by certain non-DoD agencies as well as DoD contracts. [6]
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. The Importance of Proper Cost Allocation Proper cost allocation is the cornerstone of successful government contracting.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
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.
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.
Interview Transcript: Tom Temin Dan, the uniform guidance is a little bit outside of FAR and contracting concerns. And increasingly, the federal grant in assistance space is becoming subject to more requirements that start to look like government contracts. But yet, something you felt is important to highlight here.
It usually involves the cooperation of management at some level and a breakdown in internalcontrols designed to keep that from happening. Having employees charge time to a cost-type contract when they are really working on a fixed-price contract is one example.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
Labor is among the largest contract cost recorded to Government contracts. and determining whether adequate timekeeping practices and controls related to timekeeping are in place and working properly. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
The current topic is Federal Acquisition Regulation (FAR) Cost Principles applicable to contracts with commercial organizations. 31] Thus, implementing and documenting adequate internalcontrols for determining compensation can significantly reduce audit risk. 1] This definition is quite broad.
2] Schneider Electric held federally funded energy-savings performance contracts, under which its employees fraudulently charged the government for prohibited design costs disguised as allowable unrelated pricing components. Internal reporting and a “see something, say something” culture are key to any effective compliance program.
62-year-old Robert Burke, a retired four-star admiral, is facing up to 30 years in prison for an alleged scheme to steer a government contract to a company in exchange for future employment. But the document acknowledges that the IC’s efforts to tailor different cloud capabilities are still complex and nascent.
You’ll also compile inventories, evaluate products, influence workforce development, prioritize projects, remove barriers, document use cases , assess performance, implement internalcontrols, and ensure your agency’s AI efforts comply with a host of existing laws and policies. But wait, there’s more!
Accordingly, to maintain privilege over the investigative work product, always: (1) document that the investigation’s purpose is to provide legal advice to the company; and (2) have counsel conduct the investigation or, at a minimum, actively direct non-attorneys conducting the investigation under written instruction from counsel.
According to Contreras, SBA reviewed the company’s internalcontrol policies, lending policies and procedures, organizational structure, management structure and business plan. Among her questions, Ernst is asking SBA to provide documentation supporting its approval of ALC as a 7(a) lender.
Similarly, at the contract stage, the procurement system generates inaccurate and incomplete information, despite the time and resources invested in developing contract and planning analytics applications.
As relevant to EO 14173, the government might assert that a contractor submits a legally false claim when it knowingly fails to comply with a contractual or legal requirement, even if the contractor otherwise performs the services or provides the goods that are the subject of the contract. Materiality.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content