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...
Jan 30, 2020 | Contractor Business Systems and Reviews, Government Contract Accounting, FAR, and CAS, Regulatory Updates
On December 31, 2019, the Department of Defense (DOD) issued a final rule increasing the DOD contractor purchasing system review (CPSR) dollar threshold from $25 million to $50 million. The new final rule, which was proposed in May 2019, empowers administrative...
Oct 30, 2019 | Other Government Regulatory Topics, Regulatory Updates
As a topic relevant to our government contract clients and blog readers, below is an article from the BRG Review describing the US Department of Labor’s (DOL) recent changes to the Fair Labor Standards Act (FLSA) exemptions. Following the DOL’s new overtime rule, over...
