Tag Archives: compliance

Best Practices to Reduce Risk Factors Related to Government Contracting – Part 2

This is the second part 2 of a 2 part blog about government contracting best practices to reduce business organizational risk factors.  Today’s is for large business.  You can find the other one related to small businesses here. I have been … Continue reading

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Government’s Share of Segment Closing Costs Nearly $60 Million

The Court of Federal Claims released its third opinion in Raytheon Co. v. U.S., in which the court granted the contractor segment closing adjustments related to the sale of two business segments. The post-trial opinion, authored by Judge Firestone, found … Continue reading

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FAR and CAS Intersection

There is always a discussion looming in the corners of every government cost accounting conference or training session about the linkages between FAR and CAS.  Most of the banter includes phrases like “but I don’t have CAS-covered contracts” or “I … Continue reading

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Is My Accounting System (Quickbooks) Compliant?

DISCLAIMER:  I am in no way promoting Quickbooks or other software in this post.  I am only seeking to clarify some fundamental misconceptions about DCAA-compliant accounting systems. I teach part-time in my spare time at a local community college.  One … Continue reading

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Brief Confessions of an ex-Compliance Officer

I normally find a riveting, edge-of-your-seat article or idea to write about, but I couldn’t help going back into my coffers of experience to do a little browsing around.  Let me give you some background… My bio will tell you … Continue reading

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Technology Takes Over DFARS – Proposed Rule on Commercial Items

DoD is proposing to amend the Defense Federal Acquisition Regulation Supplement (DFARS) to simplify prescriptions for provisions and clauses that are applicable to the acquisition of commercial items and to specify flowdown of clauses to commercial subcontracts. As posted on … Continue reading

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5 Things You Need to Know About the DFARS Business System Rule

As noted in a post last year, contractor business systems rules have changed in the DFARS and are now in effect.  Under the new rules, the government can withhold 5 percent of a contractor’s payment if any of the company’s business … Continue reading

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