Cost Accounting Practice Changes – Why are They Important?

The following article was included in the August 2009 PVBS High-Growth Government Contractor News. Ken Bricker, partner at Goodman & Company, LLP, has worked in the government-contracting and acquisitions arena since 1975. He has extensive knowledge of the Federal Acquisition Regulations (FAR) and the Cost Accounting Standards (CAS). Ken frequently assists clients with regulatory issues [...]

The Many Complications that Will Arise from the ARRA for Government Contractors

The following article was submitted by Richard Marksberry, former Partner in the MidAtlantic practice of Tatum, LLC. During the last four years Mr. Marksberry has, as the CFO, led the selection and implementation of accounting systems for three federal contractors each with sales over $100 million annually.  He was recognized as one of the “Top [...]

How to Best Work with the DCAA During the Obama Administration

 
The following article was submitted by Richard Marksberry, Partner in the MidAtlantic practice of Tatum, LLC. During the last four years Mr. Marksberry has, as the CFO, led the selection and implementation of accounting systems for three federal contractors each with sales over $100 million annually.  He was recognized as one of the “Top 10 [...]

Dynamics NAV Supports Recovery Act Reporting Requirements

 
On February 17, 2009, President Obama signed Public Law 111-5, the American Recovery and Reinvestment Act of 2009 (“Recovery Act”, “Stimulus Act”), which included a number of provisions to be implemented in Federal Government contracts.
 
Effective March 31, 2009, interim Federal Acquisition Regulation (FAR) 52.204-11 went into effect that implements this mandated clause.  This requires the [...]

Good Questions for Fast Growing GovCons to Ask

We saw this on the DeAnder Associates web site. Good questions for fast growing government contractors to be asking.
DCAA is actively auditing vendors on the NAVSEA Seaport IDIQ contract to ensure their accounting systems are compliant and can handle CPFF jobs. ARE YOU READY?  CONSIDER THESE QUESTIONS:

Does your accounting system properly segregate direct (project/job specific) [...]

More detail on Contractor Code of Business Ethics and Conduct (FAR 52.203-13)

Many of our high-growth government contractor customers are aware that they are now required to prepare a Code of Business Ethics and Conduct and to implement internal controls and tthics training.  Law firm Payne Hackenbracht & Sullivan, in their Federal Construction Contracting blog, explains the ramifications in significant detail.

Beware of the New FAR Ethics Clauses

Charles L. Bonuccelli, CPA and Principal, Argy Wiltse & Robinson, PC submitted the following article to our blog and newsletter. Important news for government contractors to ensure compliance.
 
New FAR Rule Subpart 3.10—Contractor Code of Business Ethics and Conduct Requires New Approach to Federal Government Contracting
Beware! Effective December 24, 2007 the federal government will be including [...]