Evaluation Internal Control Management 
Capital Edge Consulting
DECEMBER 5, 2024
Instead, the DCAA evaluates whether a contractors 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.
SmallGovCon
JANUARY 20, 2025
.” Mitigation techniques can include things like Using a team member to perform some portion of work but there must be “controls to ensure that the entity with the organizational conflict of interest has no input or influence on how the party without the organizational conflict of interest performs the work.”
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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]
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.
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.
Government Contracts Legal Forum
APRIL 30, 2024
On April 22, 2024, the Office of Management and Budget (OMB) issued a Final Rule significantly revising the Uniform Guidance for grants, cooperative agreements, and other federal financial assistance. Agencies must implement the Final Rule by October 1, 2024; however, agencies may apply it to federal awards as early as June 21, 2024.
Government Contracts & Investigations
FEBRUARY 29, 2024
The standard for reasonableness depends on whether the compensation is paid in accordance with an “arm’s length” labor-management agreement negotiated pursuant to the Federal Labor Relations Act or similar state statutes. [9] 14] Compensation is reasonable if the total of each measurable and allowable element sums to a reasonable total. [15]
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