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What Are The Cost Accounting Standards?

Capital Edge Consulting

Instead, the DCAA evaluates whether a contractors accounting system meets the required standards based on specific accounting methods, procedures, and internal controls. The Defense Contract Audit Agency (DCAA) ensures that government contractors comply with strict financial regulations to maintain the integrity of federal funds.

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Procurement purchasing card perils: Will you be the next headline?

American City & Country

P-card abuse or misuse is an emerging and troubling trend and organizations need to improve their internal control systems to mitigate risk. While the benefits of a p-card program are significant, so are the risks of fraud and misuse, necessitating a robust internal control system.

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Retired four-star admiral faces 30 years in prison on bribery charges

Federal News Network

The initiative will allow the department to integrate industry solutions in a way where the DoD retains ownership of its data while letting companies develop applications using that data. The PRAC report details resources, reports, and other documents agencies can refer to as they further develop their funding programs.

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Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know

ivalua

Implications for Finance Leaders Integrated Reporting: The CSRD encourages organizations to adopt integrated reporting, which combines financial and non-financial information. Finance leaders will need to work closely with sustainability or Procurement teams to ensure accurate and comprehensive reporting across both dimensions.

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Facebook Whistleblower Details Meta’s Disregard for Teen Distress

Whistleblower Network News

The team focused on three core issues: Site integrity: stopping attacks and malicious behavior Security infrastructure: compliance improvement and engineered systems Care: user interface and internal customer care tools Bejar reported to the CTO, who reported directly to Meta CEO Mark Zuckerberg.

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

Public Contracting Institute

To effectively identify unallowable costs: Develop a comprehensive chart of accounts Implement robust internal control systems Provide regular training to accounting staff Conduct periodic internal audits Our Masters Academy: Best Practices in Government Contracting offers invaluable insights into these best practices.

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What is Enterprise BI? Everything You Need to Know

Capital Edge Consulting

Instead, the DCAA evaluates whether a contractor’s accounting system meets the required standards based on specific accounting methods, procedures, and internal controls. The Defense Contract Audit Agency (DCAA) ensures that government contractors comply with strict financial regulations to maintain the integrity of federal funds.