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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

32] If management approved labor rates changed shortly after the certification date, compare the rates to the baseline rates, identify the events and facts causing the variance, and determine whether the contractor was aware of and adequately disclosed those facts before the certification date. [33]

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Application of CAS to Indefinite Delivery Vehicles (IDVs)

Capital Edge Consulting

Insight by: Norman McCord, Senior Manager Summary Timekeeping for government contractors is essential. The following are subject matter areas that represent critical timekeeping internal controls. Larger organizations, especially those with in-house DCAA auditors will likely experience a higher quantity of floor checks.

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Conformance of CAS to GAAP

Capital Edge Consulting

Insight by: Norman McCord, Senior Manager Summary Timekeeping for government contractors is essential. The following are subject matter areas that represent critical timekeeping internal controls. Larger organizations, especially those with in-house DCAA auditors will likely experience a higher quantity of floor checks.

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

Capital Edge Consulting

Insight by: Norman McCord, Senior Manager Summary Timekeeping for government contractors is essential. The following are subject matter areas that represent critical timekeeping internal controls. Larger organizations, especially those with in-house DCAA auditors will likely experience a higher quantity of floor checks.

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The Infrastructure Investment and Jobs Act - Summary

Capital Edge Consulting

Insight by: Norman McCord, Senior Manager Summary Timekeeping for government contractors is essential. The following are subject matter areas that represent critical timekeeping internal controls. Larger organizations, especially those with in-house DCAA auditors will likely experience a higher quantity of floor checks.

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OMB’s 2 CFR 200 Updates 2024

Capital Edge Consulting

Insight by: Norman McCord, Senior Manager Summary Timekeeping for government contractors is essential. The following are subject matter areas that represent critical timekeeping internal controls. Larger organizations, especially those with in-house DCAA auditors will likely experience a higher quantity of floor checks.

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Cost Accounting Standards Guide and CAS Requirements for Government Contractors

Capital Edge Consulting

Insight by: Norman McCord, Senior Manager Summary Timekeeping for government contractors is essential. The following are subject matter areas that represent critical timekeeping internal controls. Larger organizations, especially those with in-house DCAA auditors will likely experience a higher quantity of floor checks.