Apr 16, 2020 | Government Contract Accounting, FAR, and CAS, Other Government Regulatory Topics
GAO recently released a report to Congress on the Cost Accounting Standards Board (CAS Board) activities. Of particular interest, Appendix I, “Description of the 19 Cost Accounting Standards and Their Purpose” (page 21) specifies the likelihood for GAAP conformity for...
Apr 13, 2020 | Other Government Regulatory Topics
Security measures in a telework environment should cover information systems and technology, and all other aspects of the information systems used by the employee, including paper files, other media, storage devices, and telecommunications equipment (e.g., laptops,...
Apr 11, 2020 | Contractor Business Systems and Reviews
Historically, 98 percent of firms will not be successful during their initial Contractor Purchasing System Review (CPSR). Failing to obtain an approved purchasing system will impact the way a contractor operates its business, bid new contracts and subcontracts, and...
Apr 10, 2020 | Other Government Regulatory Topics, Regulatory Updates
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted. Included in the CARES Act is a provision for $349 billion for small businesses through federally backed loans under the Paycheck Protection Program, a modified and expanded...
Apr 6, 2020 | Contractor Business Systems and Reviews, Government Contract Accounting, FAR, and CAS, Other Government Regulatory Topics, Procurement
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law by President Trump on March 27, 2020. The stimulus bill, enacted in response to the ongoing COVID-19 crisis, contains provisions directed at government...
