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What Are The Cost Accounting Standards?

Capital Edge Consulting

In government contracting, 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 government contracts.

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

Government Contracts & Investigations

5] Based on inter-agency agreements, this program includes contracts awarded by certain non-DoD agencies as well as DoD contracts. [6] 5] Based on inter-agency agreements, this program includes contracts awarded by certain non-DoD agencies as well as DoD contracts. [6]

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New OCI Rule Contains Big Changes

SmallGovCon

Current FAR 9.506 simply commands contracting officers to review OCIs, but with little guidance for agencies. The proposed OCI rule implementing the Preventing Organizational Conflicts of Interest in Federal Acquisition Act has just dropped. This 108-page rule will propose some major changes for organizational conflicts of interest.

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

Capital Edge Consulting

Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.

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What new White House guidance on grants means for agencies that hand them out

Federal News Network

Interview Transcript: Tom Temin Dan, the uniform guidance is a little bit outside of FAR and contracting concerns. So the federal government spends more than $1 trillion a year in grants and other federal financial assistance. One reason for the update: reducing regulatory burden on both agencies and grantees. Dan Ramish Yes, Tom.

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Mastering Accounting for Unallowable Costs: A Guide to CAS 405 Compliance

Public Contracting Institute

Introduction to CAS 405 and Unallowable Costs In the complex world of government contracting, 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.

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The FY2024 NDAA and its Nexus to the FAR and DFARS

Capital Edge Consulting

Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.

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