Aug 17, 2020 | Government Contract Accounting, FAR, and CAS, Procurement, Procurement Fraud/False Claims Act Investigations, Uncategorized
A Coordinated National Response to Combat Antitrust Crimes and Related Schemes in Government Procurement, Grant, and Program Funding It is time for government contractors to revisit their compliance programs and ensure they have effective controls that mitigate the...
Jul 16, 2020 | Contractor Business Systems and Reviews, Government Contract Accounting, FAR, and CAS, Other Government Regulatory Topics, Regulatory Updates
Key Government Guidance, Directives, and References in Response to Novel Coronavirus and COVID-19 The below list includes government-issued guidance and directives by agency pertaining to COVID-19 response. Contract Performance and Cost Recovery Pandemic Response...
Jul 2, 2020 | Government Contract Accounting, FAR, and CAS, Regulatory Updates
A final rule on evaluation factors for multiple-award contracts was published and goes into effect August 3, 2020. The rule implements section 825 of the FY2017 National Defense Authorization Act (NDAA) and modifies the requirement to consider price or cost as an...
Jun 11, 2020 | Government Contract Accounting, FAR, and CAS, Other Government Regulatory Topics
This interim rule clarifies certain key changes made to the Paycheck Protection Program (PPP) by the Paycheck Protection Program Flexibility Act of 2020 (Act). This IFR further clarifies the Act by explaining the lowering of the minimum payroll cost limitation to 60%...
May 26, 2020 | Government Contract Accounting, FAR, and CAS, GSA & VA Schedule
The General Services Administration released an updated question-and-answers document on its temporary waiver of the Trade Agreement Act (TAA) for COVID-19-related products. To learn more, read the complete FAQ sheet.
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...
