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.
May 18, 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 Small Business...
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 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...
Mar 30, 2020 | Contractor Business Systems and Reviews, Government Contract Accounting, FAR, and CAS, Other Government Regulatory Topics, Regulatory Updates
The Office of Management and Budget (OMB) has relaxed key requirements of 2 CFR 200 on grantees, including extending Uniform Audit submissions up to six months, extending indirect cost rates, and expanding definitions of reimbursable costs, among other financial and...
Feb 4, 2020 | Contractor Business Systems and Reviews, Government Contract Accounting, FAR, and CAS
Ryan Byrd and Myah Monjure will discuss topics including requirements and potential pitfalls involved in filling out the Incurred Cost Submission (ICS); the latest Defense Contract Audit Agency (DCAA) guidance and trends; and the process of preparing for an ICS audit....
