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Top 10 Pre-Award Accounting System Q&A

Are small businesses required to have an adequate accounting system? Who is responsible... more
Published Article

A Contractor’s Guide to Purchasing Commercial Items

The Federal Acquisition Streamlining Act (FASA), enacted in October of 1994, codified the... more

Risk Management on a Budget (Part 2)

Internal financial management threats can be difficult to predict since it is employees who could... more

Government Contractors’ Accounting System Risks and Internal Controls

Allowing unauthorized access into your accounting system could lead to a manipulation of your... more

Recent DCAA Guidance (MRD) Part 2: New DCAA Audit Guidance on the Business Systems Rule

On March 28, 2012 the Defense Contract Audit Agency (DCAA) issued Memorandum for Regional Directors... more

Do You Know the 18 Criteria for an “Adequate” Accounting System?

Here is a quick overview: DFARS 252.242-7006 Accounting System Administration The Contractor... more
January 25, 2012

DoD to Withhold Payments for Contractors with Deficient Business Systems

On May 18, 2011 the Department of Defense (DoD) issued an interim rule authorizing Contracting... more