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In governmentcontracting, maintaining a DCAA-approved accounting system is crucial. The Defense Contract Audit Agency (DCAA) enforces strict guidelines to ensure that contractors accounting systems meet the standards required for compliance. Importance of maintaining compliance with DCAA for governmentcontracts.
14] DCAA’s risk assessment is based on discussions with the contracting officer, the price negotiation memorandum (PNM), the contractor’s audit history (permanent file), publicly available information, and information obtained from the contractor. [15] Implement policies, procedures, and internalcontrols.
.” 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.”
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
And government contractors will sometimes participate in the federal grant space, either as contractors or as recipients or sub recipients. And increasingly, the federal grant in assistance space is becoming subject to more requirements that start to look like governmentcontracts. So there’s a lot of money.
Introduction to CAS 405 and Unallowable Costs In the complex world of governmentcontracting, 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.
In governmentcontracting, maintaining a DCAA-approved accounting system is crucial. The Defense Contract Audit Agency (DCAA) enforces strict guidelines to ensure that contractors’ accounting systems meet the standards required for compliance. Importance of maintaining compliance with DCAA for governmentcontracts.
In governmentcontracting, maintaining a DCAA-approved accounting system is crucial. The Defense Contract Audit Agency (DCAA) enforces strict guidelines to ensure that contractors’ accounting systems meet the standards required for compliance. Importance of maintaining compliance with DCAA for governmentcontracts.
9] Costs of compensation established under covered labor-management agreements are deemed reasonable unless the costs are “unwarranted” by the character and circumstances of the work or “discriminatory” against the Government. [10] Manos, GovernmentContract Cost & Pricing § 13:3 (2023). [24] DCAA, DCAM ¶ 6-413.1.c.
The post Taking Care of Business (Systems): DoD Proposes to Change the Definition of a Business System Deficiency appeared first on GovernmentContracts Legal Forum. View the full article
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
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. View the full article
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internalcontrols.
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 governmentcontracting. Internal reporting and a “see something, say something” culture are key to any effective compliance program.
“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]
62-year-old Robert Burke, a retired four-star admiral, is facing up to 30 years in prison for an alleged scheme to steer a governmentcontract to a company in exchange for future employment. The PRAC report details resources, reports, and other documents agencies can refer to as they further develop their funding programs.
Minimum requirements for such a program would have included: Establishing and implementing policies, procedures, and internalcontrols; Providing for independent testing for compliance conducted by adviser personnel or a qualified outside party; Designating a person or persons responsible for implementing and monitoring the operations and internal (..)
The post Enhanced Review by the Department of Energy’s Office of Inspector General into the Loan Programs Office Poses Increased Risks to Loan Program Applicants appeared first on GovernmentContracts Legal Forum. View the full article
Previously Mark severed as Assistant Director in the Information Technology and Cybersecurity (ITC) team at the Government Accountability Office (GAO). In addition, Mark has authored several compliance tools and published several common vulnerabilities and exploits. Department of Labor (DOL) and the U.S.
Having recently updated policies that align with the new EO may provide greater protection in the event of a government investigation, particularly if contractors can demonstrate that these new policies are subject to an internalcontrol schedule to test for compliance. Casimir , Robyn N. Burrows , Jennifer A. Escobar , 579 U.S.
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