As governments buy from suppliers across contracts and catalogs, Periscope Holdings discusses online marketplaces and digitization of public sector procurement.Sourced through Scoop.it from: www.pymnts.comPeriscope Holdings’ SVP David Landsman explains how digitizing public sector procurement can … [Read more...]
Defense Contract Audit Agency Issues Audit Guidance on Materiality
DCAA provided a Memorandum for Regional Directors (MRD) to its auditors on applying materiality to incurred cost audits.Sourced through Scoop.it from: washingtonexec.comDCAA provided a Memorandum for Regional Directors (MRD) to its auditors on applying materiality to incurred cost audits. The … [Read more...]
Defense Agency Faulted for Wrongful Challenge to Contractor
The Defense Contract Audit Agency’s decision to reject $6.6 million in a contractor’s claimed costs in fiscal 2008 did not comply with generally accepted government auditing standards, the Defense Department’s watchdog found. The probe of a complaint received over the inspector general’s hotline … [Read more...]
DCAA Won’t Let You Hide Anyway
"He who has nothing to hide, hides nothing." - Dr. Phil The recent National Defense Authorization Act for FY 2013 (NDAA) has me scratching my head. As a former DCAA auditor, I can many times remember getting a little pushback from contractors on what it was that I was "allowed" to ask … [Read more...]
FAR Cost Principles Series (Part 2, Allowability, Reasonableness, and Allocability)
Posted on February 7, 2013 by Marty Herbert As a former DCAA auditor, it was a primary goal for my position to find and report unallowable costs. Recently, I have been hearing a lot more from the community in terms of making FAR 31.2 easier to understand. This is pat 2 in the series. Part 1 on … [Read more...]
FAR Cost Principles Series (Part 1, Total Cost)
Blog post by Marty Herbert - Government Contracts Blog As a former DCAA auditor, it was a primary goal for my position to find and report unallowable costs. Recently, I have been hearing a lot more from the community in terms of making FAR 31.2 easier to understand. So, a series is … [Read more...]