Deciphering the Latest DFARS Interim Rule
The DoD has updated its DFARS rules from the existing clause to three new clauses to allow enforcement of CMMC for DoD contracts.
Is Your Pricing Compliant with FAR?
The Federal Acquisition Regulations and the Cost Accounting Standards require consistency in estimating, accumulating and reporting costs. In other words, the way you price your contracts must be consistent with the way you account for and report them. There are two things you can do to help ensure compliance.
Kickback Understanding and Risk Prevention
The term ‘kickback’ is defined by Public Law 99-634 as any money, fee, commission, credit, gift, gratuity, thing of value, or compensation of any kind which is provided directly or indirectly, to any prime contractor...
DCAA Audit Protocol during the COVID-19 Pandemic
As the COVID-19 pandemic continues with no real end in sight the performance of traditional on-site audits by DCAA becomes a significant safety issue.
GSA Cancellation Emphasizes the Importance of a Compliant Cost Accounting System
The recent cancellation of the General Services Administration (GSA) $15Billion Alliant 2 Small Business (A2SB) contract highlights the need for small government contractors to have a properly evaluated cost accounting system.
Emphasis on Cost Estimating – Processes and Compliance
The government is increasingly placing emphasis on compliance with the False Claims Act (FCA) and the Truth in Negotiations Act (TINA) currently known as the Truthful Cost or Pricing Act.
Communication, Identification and Documentation for Government Contractors
As a government contractor, you are tasked with continuing contract performance under the risks of uncertain and constantly changing circumstances.
To Allocate or Not to Allocate, Is Not the Question!
Good allocation practices can provide a better understanding of the "true" cost of your products and services, allowing you to become more competitive, better utilize your available assets and facilitate your management decision making process.
Government Contractor Revenue Recognition Disclosures
In 2014, the Financial Accounting Standards Board (FASB) issued new guidance, ASU 2014-09, Revenue from Contracts with Customers.
Maximizing Cash Flow for Contractors in a COVID-19 Environment
Construction is considered to be an essential industry in many states, but as the impact from the coronavirus deepens, the industry’s ability to weather this storm continues to be threatened.