by Public Contracting Institute | May 9, 2014 | Audits & DCAA
Recently, DCAA reminded its auditors that access to contractor employees is a “routine and established audit procedure” which is necessary to comply with GAGAS (Generally Accepted Auditing Standards). While the initial focus of the guidance to auditors...
by David Newsome, Senior Legal Counsel, KBR | Jul 9, 2013 | Audits & DCAA
To say that there is a crisis surrounding the closing of government contracts, especially large cost-type contracts held by large government contractors, would certainly not be an understatement. [i] Closing a contract essentially requires verification that the goods...
by David Capitano, Instructor/Cost Accounting Consultant | Mar 20, 2013 | The Clause Column
Applicability: This FAR clause is incorporated in cost reimbursement contracts and Time-and-Materials (T&M) contracts for other than commercial items. For T&M contracts, the clause only applies to the part of the contract that reimburses materials on the basis...
by David Capitano, Instructor/Cost Accounting Consultant | Feb 15, 2013 | The Clause Column
Applicability: This FAR clause is incorporated in cost reimbursement contracts and Time-and-Materials (T&M) contracts for other than commercial items. For T&M contracts, the clause only applies to the part of the contract that reimburses materials on the...
by Members & Staff | Jan 22, 2013 | Accounting, Audits, Cost, and Pricing, Audits & DCAA
Guest Authors: Capital Edge Consulting (http://capitaledgeconsulting.com/): The recent GAO report on the backlog of audits of Incurred Cost Proposals is unfocused. The conclusion highlights the fundamental issue at hand in the statement, “DOD has fallen far behind in...