Jan 13, 2022 | Government Contract Accounting, FAR, and CAS
The American Institute of CPAs (AICPA) recently recognized Courtney Lee, CPA, CFF as a Forensic and Valuation Services (FVS) Standing Ovation recipient for significant contributions to her practice area and community. Ms. Lee is a managing consultant in BRG’s...
Aug 19, 2021 | Contractor Business Systems and Reviews, Government Contract Accounting, FAR, and CAS
The US Office of Management and Budget (OMB) 2021 Compliance Supplement is available. On December 26, 2013, OMB Circular A-133 was superseded by the issuance of 2 CFR Part 200, Subpart F. Among other things, those changes increased the audit threshold to $750,000 for...
Aug 17, 2021 | Contractor Business Systems and Reviews, Government Contract Accounting, FAR, and CAS, Procurement
Government contractors, like most businesses, have faced difficult operational and financial challenges since the emergence of the COVID-19 pandemic in March 2020. Quick federal legislation with contractor relief mechanisms followed with the $2.2 trillion CARES Act,...
May 13, 2021 | Contractor Business Systems and Reviews, Government Contract Accounting, FAR, and CAS
The National Institutes of Health Information Technology Acquisition and Assessment Center (NITAAC) announced that the request for proposals (RFP) for CIO-SP4 Government-wide Acquisition Contract (GWAC) is expected to be released on Thursday, April 29. NITAAC also...
May 13, 2021 | Government Contract Accounting, FAR, and CAS, Regulatory Updates
President Biden released an executive order that will increase the minimum wage for federal contractors and subcontractors. Accordingly, executive departments and agencies, including independent establishments subject to the Federal Property and Administrative...
Feb 9, 2021 | Contractor Business Systems and Reviews, Government Contract Accounting, FAR, and CAS, Regulatory Updates
Important SBA Changes Late in 2020 Final Rule: Consolidation of Mentor-Protégé Programs and Other Government Contracting Amendments, 85 FR 66146-01, 2020-19428.pdf (govinfo.gov). This is the consolidation of the SBA’s 8(a) Business Development (BD) Mentor-Protégé...
