Evaluation and Internal Control - Public Procurement Central

What is Enterprise BI? Everything You Need to Know

Capital Edge Consulting

SEPTEMBER 27, 2024

Instead, the DCAA evaluates whether a contractor’s accounting system meets the required standards based on specific accounting methods, procedures, and internal controls. Internal Controls : Strong internal controls are necessary to ensure the accuracy and reliability of financial reporting.

Internal Control

Internal Control Accountability Government Contracts Consulting

Understanding the Importance of a DCAA Approved Accounting System

Capital Edge Consulting

AUGUST 28, 2024

Instead, the DCAA evaluates whether a contractor’s accounting system meets the required standards based on specific accounting methods, procedures, and internal controls. Internal Controls : Strong internal controls are necessary to ensure the accuracy and reliability of financial reporting.

Accountability

Accountability Import Internal Control Government Contracts

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

Government Contracts & Investigations

SEPTEMBER 25, 2023

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]

Negotiation

Negotiation Price Government Contracts IT

Application of CAS to Indefinite Delivery Vehicles (IDVs)

Capital Edge Consulting

SEPTEMBER 24, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

Conformance of CAS to GAAP

Capital Edge Consulting

SEPTEMBER 24, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

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

Capital Edge Consulting

SEPTEMBER 24, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

The Infrastructure Investment and Jobs Act - Summary

Capital Edge Consulting

SEPTEMBER 11, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

Cost Accounting Standards Guide and CAS Requirements for Government Contractors

Capital Edge Consulting

SEPTEMBER 4, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Government Government Internal Control

Application of Cost Accounting Standards to Indefinite Delivery Vehicles

Capital Edge Consulting

AUGUST 23, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

The Infrastructure Investment and Jobs Act – Expanding Opportunities in the Federal Award Landscape

Capital Edge Consulting

AUGUST 14, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

Cost Accounting Standards - What Contractors Need to Know

Capital Edge Consulting

AUGUST 14, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

OMB’s 2024 Updates to Uniform Guidance (2 CFR 200)

Capital Edge Consulting

AUGUST 14, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

Criminal Enforcement Considerations for Gov’t Contractors

Government Contracts Legal Forum

AUGUST 9, 2024

Government contractors should evaluate whether to voluntarily disclose criminal wrongdoing once detected and throughout any internal investigation as facts are developed. The DOJ’s charging and resolution determinations will include an intense evaluation of the company’s compliance program. 11] This is consistent with the U.S.

Evaluation

Evaluation Government Contracts Ethics Government

OMB’s 2 CFR 200 Updates 2024

Capital Edge Consulting

AUGUST 2, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

Procurement and the AI EO — Helping federal CAIOs navigate the path ahead

Great Government Through Technology

NOVEMBER 29, 2023

You’ll also compile inventories, evaluate products, influence workforce development, prioritize projects, remove barriers, document use cases , assess performance, implement internal controls, and ensure your agency’s AI efforts comply with a host of existing laws and policies. But wait, there’s more!

Procurement

Procurement Risk Management Internal Control Evaluation

Health and Human Services Contracting Officer’s Authorization (COA) Requirements

Capital Edge Consulting

JULY 2, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Contract

Contract Accountability Internal Control Distribution

Health and Human Services Contracting Officer’s Authorization (COA) Requirements

Capital Edge Consulting

JULY 2, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Contract

Contract Accountability Internal Control Distribution

DCAA Releases FY2023 Report to Congress

Capital Edge Consulting

JUNE 13, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

Mastering Inflation: Navigating Fixed-Price Economic Price Adjustments in Government Contracts

Capital Edge Consulting

MAY 10, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Price

Price Government Contracts Government Government

The FY2024 NDAA and its Nexus to the FAR and DFARS

Capital Edge Consulting

APRIL 10, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

IT

IT Accountability Internal Control Distribution

Formation to Future: The CASB and the Role of the CAS Clause

Capital Edge Consulting

MARCH 20, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

The Truth Behind Truth in Negotiations Requests

Capital Edge Consulting

FEBRUARY 6, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Negotiation

Negotiation Accountability Internal Control Distribution

ERP Implementation Risks and Mitigations

Capital Edge Consulting

JANUARY 19, 2024

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

Ensuring Compliance with New SBA Requirement for Inclusion of Indirect Costs

Capital Edge Consulting

SEPTEMBER 22, 2023

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). It also helps the auditor to determine if Total Time Accounting is used.

Accountability

Accountability Internal Control Distribution Consulting

OMB Final Rule Rewrites the Uniform Guidance for Grants, Cooperative Agreements, and Other Federal Financial Assistance

Government Contracts Legal Forum

APRIL 30, 2024

Additions to the Post-Award Requirements Regarding Sourcing 2 CFR 200.317 allows Tribal Government recipients to use their own internal procurement standards rather than complying with federal procurement standards prescribed in 2 CFR 200 200.318 through 200.327.

E-procurement

E-procurement Thresholds Internal Control Evaluation

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

Government Contracts & Investigations

FEBRUARY 29, 2024

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

Price Government Contracts Government Government

Treasury Announces Renewed Push for Investment Adviser AML Rules

Government Contracts & Investigations

JANUARY 31, 2024

The 2015 Proposed Rule required that investment advisers engage in risk-based evaluations of its clients to determine the AML/CFT risks they pose.

Internal Control

Internal Control Finance Corruption Evaluation

Enhanced Review by the Department of Energy’s Office of Inspector General into the Loan Programs Office Poses Increased Risks to Loan Program Applicants

Government Contracts Legal Forum

AUGUST 9, 2024

According to a recent notice issued on SAM.gov, the DOE OIG intends to issue a sole source contract for legal support “assessing the policies and procedures” for the due diligence of loan applications, and evaluate specific LPO loans and guarantees to assess their compliance with, consistency in application of, and the effectiveness of LPO policies (..)

Internal Control

Internal Control Evaluation Finance Manufacturing

Public Procurement Central

What is Enterprise BI? Everything You Need to Know

Understanding the Importance of a DCAA Approved Accounting System

Trending Sources

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

Application of CAS to Indefinite Delivery Vehicles (IDVs)

Conformance of CAS to GAAP

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

The Infrastructure Investment and Jobs Act - Summary

Cost Accounting Standards Guide and CAS Requirements for Government Contractors

Application of Cost Accounting Standards to Indefinite Delivery Vehicles

The Infrastructure Investment and Jobs Act – Expanding Opportunities in the Federal Award Landscape

Cost Accounting Standards - What Contractors Need to Know

OMB’s 2024 Updates to Uniform Guidance (2 CFR 200)

Criminal Enforcement Considerations for Gov’t Contractors

OMB’s 2 CFR 200 Updates 2024

Procurement and the AI EO — Helping federal CAIOs navigate the path ahead

Health and Human Services Contracting Officer’s Authorization (COA) Requirements

Health and Human Services Contracting Officer’s Authorization (COA) Requirements

DCAA Releases FY2023 Report to Congress

Mastering Inflation: Navigating Fixed-Price Economic Price Adjustments in Government Contracts

The FY2024 NDAA and its Nexus to the FAR and DFARS

Formation to Future: The CASB and the Role of the CAS Clause

The Truth Behind Truth in Negotiations Requests

ERP Implementation Risks and Mitigations

Ensuring Compliance with New SBA Requirement for Inclusion of Indirect Costs

OMB Final Rule Rewrites the Uniform Guidance for Grants, Cooperative Agreements, and Other Federal Financial Assistance

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

Treasury Announces Renewed Push for Investment Adviser AML Rules

Enhanced Review by the Department of Energy’s Office of Inspector General into the Loan Programs Office Poses Increased Risks to Loan Program Applicants

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