Contract, Import and Internal Control - Public Procurement Central

What Are The Cost Accounting Standards?

Capital Edge Consulting

DECEMBER 5, 2024

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.

Accountability

Accountability Internal Control Government Contracts Consulting

New OCI Rule Contains Big Changes

SmallGovCon

JANUARY 20, 2025

Here are some initial thoughts on some of the important changes proposed in this rule, as well as a recap of the original statute and my earlier predictions. Current FAR 9.506 simply commands contracting officers to review OCIs, but with little guidance for agencies. Stay tuned for more updates on SmallGovCon. Professional Standards.

Influencing

Influencing Contract Consulting Internal Control

Understanding the Importance of a DCAA Approved Accounting System

Capital Edge Consulting

AUGUST 28, 2024

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.

Accountability

Accountability Import Internal Control Government Contracts

What new White House guidance on grants means for agencies that hand them out

Federal News Network

MAY 1, 2024

Interview Transcript: Tom Temin Dan, the uniform guidance is a little bit outside of FAR and contracting concerns. But yet, something you felt is important to highlight here. So it’s a really important tool, and it’s important to taxpayers. Dan Ramish Yes, Tom. So there’s a lot of money.

Thresholds

Thresholds Internal Control Negotiation Government Contracts

Mastering Accounting for Unallowable Costs: A Guide to CAS 405 Compliance

Public Contracting Institute

JULY 8, 2024

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.

Accountability

Accountability Internal Control Price Government Contracts

What is Enterprise BI? Everything You Need to Know

Capital Edge Consulting

SEPTEMBER 27, 2024

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.

Internal Control

Internal Control Accountability Government Contracts Consulting

Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know

ivalua

JUNE 11, 2023

Internal Control Systems: Finance leaders will be responsible for establishing robust internal control systems to ensure the accuracy, reliability, and consistency of sustainability reporting data.

Supply Chain

Supply Chain Finance Procurement Sustainability

Health and Human Services Contracting Officer’s Authorization (COA) Requirements

Capital Edge Consulting

JULY 2, 2024

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.

Contract

Contract Accountability Internal Control Distribution

Health and Human Services Contracting Officer’s Authorization (COA) Requirements

Capital Edge Consulting

JULY 2, 2024

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.

Contract

Contract Accountability Internal Control Distribution

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

Capital Edge Consulting

MAY 10, 2024

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.

Price

Price Government Contracts Government Government

NITAAC obtains 801 Certification: DoD Assisted Acquisitions Now Much Easier

NIH NITAAC

MAY 5, 2022

But what exactly is 801 certification and why is it so important? All NITAAC contracting officers and specialists are DITAP certified, which means they are specially trained to handle information technology procurements. NITAAC recently announced it obtained 801 certification for fiscal year 2022. Department of Defense (DoD).

Internal Control

Internal Control Budget Procurement Purchasing

Application of CAS to Indefinite Delivery Vehicles (IDVs)

Capital Edge Consulting

SEPTEMBER 24, 2024

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.

Accountability

Accountability Internal Control Distribution Consulting

Conformance of CAS to GAAP

Capital Edge Consulting

SEPTEMBER 24, 2024

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.

Accountability

Accountability Internal Control Distribution Consulting

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

Capital Edge Consulting

SEPTEMBER 24, 2024

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.

Accountability

Accountability Internal Control Distribution Consulting

The Infrastructure Investment and Jobs Act - Summary

Capital Edge Consulting

SEPTEMBER 11, 2024

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.

Accountability

Accountability Internal Control Distribution Consulting

OMB’s 2 CFR 200 Updates 2024

Capital Edge Consulting

AUGUST 2, 2024

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.

Accountability

Accountability Internal Control Distribution Consulting

Cost Accounting Standards Guide and CAS Requirements for Government Contractors

Capital Edge Consulting

SEPTEMBER 4, 2024

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.

Accountability

Accountability Government Government Internal Control

Application of Cost Accounting Standards to Indefinite Delivery Vehicles

Capital Edge Consulting

AUGUST 23, 2024

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.

Accountability

Accountability Internal Control Distribution Consulting

The Infrastructure Investment and Jobs Act – Expanding Opportunities in the Federal Award Landscape

Capital Edge Consulting

AUGUST 14, 2024

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.

Accountability

Accountability Internal Control Distribution Consulting

Cost Accounting Standards - What Contractors Need to Know

Capital Edge Consulting

AUGUST 14, 2024

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.

Accountability

Accountability Internal Control Distribution Consulting

OMB’s 2024 Updates to Uniform Guidance (2 CFR 200)

Capital Edge Consulting

AUGUST 14, 2024

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.

Accountability

Accountability Internal Control Distribution Consulting

The FY2024 NDAA and its Nexus to the FAR and DFARS

Capital Edge Consulting

APRIL 10, 2024

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.

IT

IT Accountability Internal Control Distribution

DCAA Releases FY2023 Report to Congress

Capital Edge Consulting

JUNE 13, 2024

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.

Accountability

Accountability Internal Control Distribution Consulting

The Truth Behind Truth in Negotiations Requests

Capital Edge Consulting

FEBRUARY 6, 2024

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.

Negotiation

Negotiation Accountability Internal Control Distribution

Ensuring Compliance with New SBA Requirement for Inclusion of Indirect Costs

Capital Edge Consulting

SEPTEMBER 22, 2023

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.

Accountability

Accountability Internal Control Distribution Consulting

ERP Implementation Risks and Mitigations

Capital Edge Consulting

JANUARY 19, 2024

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.

Accountability

Accountability Internal Control Distribution Consulting

Formation to Future: The CASB and the Role of the CAS Clause

Capital Edge Consulting

MARCH 20, 2024

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.

Accountability

Accountability Internal Control Distribution Consulting

Criminal Enforcement Considerations for Gov’t Contractors

Government Contracts Legal Forum

AUGUST 9, 2024

Government contractors need to consider the broad scope of such liability, the importance of early detection of underlying misconduct, potential mandatory or voluntary disclosures, the effectiveness of their compliance programs in detecting and effectively addressing serious misconduct, and the risk of potential suspension and debarment.

Evaluation

Evaluation Government Contracts Ethics Government

Procurement and the AI EO — Helping federal CAIOs navigate the path ahead

Great Government Through Technology

NOVEMBER 29, 2023

You’ll also compile inventories, evaluate products, influence workforce development, prioritize projects, remove barriers, document use cases , assess performance, implement internal controls, and ensure your agency’s AI efforts comply with a host of existing laws and policies. Time to prioritize That is a big to-do list!

Procurement

Procurement Risk Management Internal Control Evaluation

How to make better public procurement decisions with business intelligence: Insights from Ukraine

Open Contracting Partnership

DECEMBER 4, 2024

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. Equally important is communicating in a language that all users understand.

Public Procurement

Public Procurement Procurement E-procurement Buyers

Improving Management of Complex Cloud Environments (E186)

FedInsider

FEBRUARY 6, 2025

Dr. Gregg Bailey, Deputy Chief Information Officer in the Office of the CIO for the US Census Bureau underscores the importance of recognizing data management in a hybrid cloud is different, and suggests training on native cloud functions to leverage the new technologies may be a path of success.

Management

Management Engineering Transportation Transportation

How to Defend Your Expanding Attack Surface (E179)

FedInsider

DECEMBER 11, 2024

This week on Feds At the Edge, we discuss where the threats may lie and give practical information on attempting to control this new threat vector. Mark Canter, CISO at US GAO, highlights the widespread lack of understanding about where data is used, emphasizing the importance of good data management practices.

Engineering

Engineering Leadership Internal Control Inventory

Trump’s take on obscure law leaves contractors baffled

Federal News Network

MARCH 26, 2025

companies from bribing officials of other countries for contracts. And that piece says basically that companies or individuals can’t pay directly or indirectly government officials to get some sort of business benefit to win a contract. It’s important to remember the statute of limitations is five years. Fair to say?

Corruption

Corruption Internal Control Accountability Quality

Public Procurement Central

What Are The Cost Accounting Standards?

New OCI Rule Contains Big Changes

Trending Sources

Understanding the Importance of a DCAA Approved Accounting System

What new White House guidance on grants means for agencies that hand them out

Mastering Accounting for Unallowable Costs: A Guide to CAS 405 Compliance

What is Enterprise BI? Everything You Need to Know

Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know

Health and Human Services Contracting Officer’s Authorization (COA) Requirements

Health and Human Services Contracting Officer’s Authorization (COA) Requirements

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

NITAAC obtains 801 Certification: DoD Assisted Acquisitions Now Much Easier

Application of CAS to Indefinite Delivery Vehicles (IDVs)

Conformance of CAS to GAAP

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

The Infrastructure Investment and Jobs Act - Summary

OMB’s 2 CFR 200 Updates 2024

Cost Accounting Standards Guide and CAS Requirements for Government Contractors

Application of Cost Accounting Standards to Indefinite Delivery Vehicles

The Infrastructure Investment and Jobs Act – Expanding Opportunities in the Federal Award Landscape

Cost Accounting Standards - What Contractors Need to Know

OMB’s 2024 Updates to Uniform Guidance (2 CFR 200)

The FY2024 NDAA and its Nexus to the FAR and DFARS

DCAA Releases FY2023 Report to Congress

The Truth Behind Truth in Negotiations Requests

Ensuring Compliance with New SBA Requirement for Inclusion of Indirect Costs

ERP Implementation Risks and Mitigations

Formation to Future: The CASB and the Role of the CAS Clause

Criminal Enforcement Considerations for Gov’t Contractors

Procurement and the AI EO — Helping federal CAIOs navigate the path ahead

How to make better public procurement decisions with business intelligence: Insights from Ukraine

Improving Management of Complex Cloud Environments (E186)

How to Defend Your Expanding Attack Surface (E179)

Trump’s take on obscure law leaves contractors baffled

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