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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

6] DCAA is authorized to examine contractor records related to proposals, discussions, pricing, and performance to evaluate the accuracy, completeness, and currency of cost or pricing data. [7] and evaluate significant variances for potential defective pricing. [48] and evaluate significant variances for potential defective pricing. [48]

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The Cost Corner: Government Contracts Cost and Pricing – Compensation for Personal Services (Part I)

Government Contracts & Investigations

28] DCAA Audit Guidance Chapter 6 of the DCAM, Incurred Cost Audit Procedures, includes detailed guidance for evaluating the reasonableness of compensation costs. 31] Thus, implementing and documenting adequate internal controls for determining compensation can significantly reduce audit risk.

Price 52
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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. This inquiry aims to determine how an employee records overtime, which will be evaluated for consistency in costs (overtime). Do you enter your own time in your electronic timekeeping system? Who May Experience a Floor Check?

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Conformance of CAS to GAAP

Capital Edge Consulting

The following are subject matter areas that represent critical timekeeping internal controls. This inquiry aims to determine how an employee records overtime, which will be evaluated for consistency in costs (overtime). Do you enter your own time in your electronic timekeeping system? Who May Experience a Floor Check?

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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. This inquiry aims to determine how an employee records overtime, which will be evaluated for consistency in costs (overtime). Do you enter your own time in your electronic timekeeping system? Who May Experience a Floor Check?

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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. This inquiry aims to determine how an employee records overtime, which will be evaluated for consistency in costs (overtime). Do you enter your own time in your electronic timekeeping system? Who May Experience a Floor Check?

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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. This inquiry aims to determine how an employee records overtime, which will be evaluated for consistency in costs (overtime). Do you enter your own time in your electronic timekeeping system? Who May Experience a Floor Check?