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New OCI Rule Contains Big Changes

SmallGovCon

It will also change the title of the part from Improper Business Practices and Personal Conflicts of Interest to Business Ethics and Conflicts of Interest. ” Use of “structural or behavioral barriers, internal controls, or both.” Looking for the latest government contracting legal news?

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

Public Contracting Institute

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. Let’s dive into the intricacies of CAS 405 and explore how proper compliance can benefit your organization.

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Season 11: Episode 2: FAR Facts

Public Contracting Institute

The Anti-Kickback Act is a special “bribery” statute that involves a subcontractor giving “something of monetary value” to a prime contractor for the purpose of receiving “favorable treatment” in connection with a federal government prime contract. FAR 52.203-13(c).The FAR 52.203-13(c).The

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Criminal Enforcement Considerations for Gov’t Contractors

Government Contracts Legal Forum

Government contractors are not only vulnerable to the risks of employee misconduct that can arise in any commercial business, but are also exposed to additional risks in areas unique to government contracting. Internal reporting and a “see something, say something” culture are key to any effective compliance program.

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Voluntary Self-Disclosure of FCPA Violations Following Acquisition Avoids Corruption Charges

Government Contracts & Investigations

“Within three months of first discovering the possibility of misconduct and hours after an internal investigation confirmed that misconduct had occurred” Lifecore voluntarily self-disclosed to the DOJ. [6] Lifecore’s costs for these items totaled $880,000—and were ultimately credited against the $1,200,000 disgorgement to which it consented.