American City & Country

OCTOBER 11, 2024

P-card abuse or misuse is an emerging and troubling trend and organizations need to improve their internal control systems to mitigate risk. While the benefits of a p-card program are significant, so are the risks of fraud and misuse, necessitating a robust internal control system.

Purchasing 105

Purchasing Procurement Internal Control Efficiency 105

SmallGovCon

JANUARY 20, 2025

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.” to a new subpart in FAR part 3.

Influencing 105

Influencing Contract Consulting Internal Control 105

Public Contracting Institute

JULY 8, 2024

This standard ensures that taxpayers’ money is spent responsibly and that contractors maintain ethical financial practices. The Role of Internal Controls in CAS 405 Compliance Strong internal controls are crucial for ensuring compliance with CAS 405.

Accountability 52

Accountability Internal Control Price Government Contracts 52

Public Contracting Institute

JANUARY 22, 2024

Small businesses are explicitly exempt from having to establish a “Business ethics awareness and compliance program and internal control system.” FAR 52.203-13(c).The

Internal Control 52

Internal Control Price Ethics Government Contracts 52

Government Contracts & Investigations

DECEMBER 6, 2023

“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.

Corruption 52

Corruption Internal Control Ethics Accountability 52

Government Contracts Legal Forum

AUGUST 9, 2024

13] The SDO considers factors that parallel the DOJ’s considerations when assessing corporate compliance, such as the effectiveness of the contractor’s internal control systems, and whether the contractor has implemented new or revised control procedures or ethics training programs. View the full article

Evaluation 52

Evaluation Government Contracts Ethics Government 52

Federal News Network

MARCH 26, 2025

And that’s called the internal controls and books and records provisions, or what we call the accounting provisions. And if they have controls that allow that sort of thing, then they have a weakness in their internal controls, and that’s a violation of the internal controls provisions.

Corruption 82

Corruption Internal Control Accountability Quality 82