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

Government Contracts & Investigations

44] If the kind and/or quantity of material purchased are different from the kind and/or quantity of material included in the baseline, determine the reasons for the differences and ascertain when the contractor made the change. [45] Implement policies, procedures, and internal controls. Reduce risk factors for audit.

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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. Qualifications Does the employee have the appropriate education and experience to meet contractual, or otherwise reasonable experience expectations? Has the scope of work and related charge code has been fully conveyed to the employee?

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Conformance of CAS to GAAP

Capital Edge Consulting

The following are subject matter areas that represent critical timekeeping internal controls. Qualifications Does the employee have the appropriate education and experience to meet contractual, or otherwise reasonable experience expectations? Has the scope of work and related charge code has been fully conveyed to the employee?

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

Capital Edge Consulting

The following are subject matter areas that represent critical timekeeping internal controls. Qualifications Does the employee have the appropriate education and experience to meet contractual, or otherwise reasonable experience expectations? Has the scope of work and related charge code has been fully conveyed to the employee?

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The Infrastructure Investment and Jobs Act - Summary

Capital Edge Consulting

The following are subject matter areas that represent critical timekeeping internal controls. Qualifications Does the employee have the appropriate education and experience to meet contractual, or otherwise reasonable experience expectations? Has the scope of work and related charge code has been fully conveyed to the employee?

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OMB’s 2 CFR 200 Updates 2024

Capital Edge Consulting

The following are subject matter areas that represent critical timekeeping internal controls. Qualifications Does the employee have the appropriate education and experience to meet contractual, or otherwise reasonable experience expectations? Has the scope of work and related charge code has been fully conveyed to the employee?

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Cost Accounting Standards Guide and CAS Requirements for Government Contractors

Capital Edge Consulting

The following are subject matter areas that represent critical timekeeping internal controls. Qualifications Does the employee have the appropriate education and experience to meet contractual, or otherwise reasonable experience expectations? Has the scope of work and related charge code has been fully conveyed to the employee?