New Rule Requires Contractor Disclosure of Executive Compensation – More Transparency or More Bureaucracy?
Our friends at leading government accounting firm Goodman and Company have a pretty direct take on some of the changes The Obama Administration is taking towards a more open government and how it affects contractors, in this case some new changes in reporting requirements that affect federal contractors. An interim rule, which took effect July 8 and will be phased in over the next nine months, amends the Federal Acquisition Regulation (FAR). The intent is to ensure that FAR complies with two federal laws mandating greater transparency in government…. Read the entire article and find out how it affects you.