Continuation from Part 1: What to Expect in 2017.  A New Era Begins. The focus of our previous post was on 3 major subjects: 1 – Will an extremely divided congress come together with a new administration, set aside their differences, and do their job as [..Read More..]

Late last year, the Defense Contract Audit Agency (“DCAA”) published a “Selected Areas of Cost” guidebook to replace Chapter 7 of the DCAA Contract Audit Manual (“CAM”). The newly refreshed guidebook provides further direction for auditors and contractors on how to properly treat certain types [..Read More..]

An organization will decide to purchase a new enterprise software system for a variety of reasons.  It can be justified due to growth, the need to automate business processes and cut costs, achieving organizational efficiency, or potentially preparing for better regulatory compliance adherence.  It can be [..Read More..]

By: Karen Farlow, CPA and Nancy Jones with Hall Albright Garrison and Associates Inadequate documentation will prompt a failed DCAA audit in a heartbeat.  Your documentation must be complete, organized and easily accessible in the event of an audit.  The faster you produce the requested [..Read More..]

By: George Albamonte It is mid-February and not too early to get a sense of Federal Contracting in the new year.  At this point in the year, there are 567,693 contracts representing $71 Billion dollars.  By the end of the year, the data on contracts [..Read More..]

Consultant and professional service costs have long been considered a major risk area by government auditors and a source of frustration among contractors. Over the years, the Defense Contract Audit Agency (DCAA) has aggressively questioned or disallowed consultant and professional service costs for various documentation [..Read More..]

With a tumultuous 2016 behind us and potentially big changes coming in 2017, Robert Burns Scottish poem, Auld Lang Syne, echoes through the air.  “Should old acquaintance be forgot, and never brought to mind? Should old acquaintance be forgot, and auld lang syne?”  When listening [..Read More..]