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This standard ensures that taxpayers’ money is spent responsibly and that contractors maintain ethical financial practices. The Role of InternalControls in CAS 405 Compliance Strong internalcontrols are crucial for ensuring compliance with CAS 405.
As a general rule, contractors should not disclose proprietary pricing information to other offerors/competitors during a federal acquisition. The person signing a contractor’s Certificate of Independent Pricing must be the person within the contractor’s organization who is “responsible for determining the prices being offered.”
2] Schneider Electric held federally funded energy-savings performance contracts, under which its employees fraudulently charged the government for prohibited design costs disguised as allowable unrelated pricing components. Attorney’s Office for the District of Vermont relating to kickbacks and overcharges.[2] View the full article
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