Forbes estimates that by 2018, smartphones, tablets, and laptops will drive about 94 percent of mobile traffic. With over 90% of user’s time being spent on mobile apps. With such drastic changes coming, it’s becoming more and more important to understand how you can work [..Read More..]
Evaluating the Defense Contract Auditing Process
By: Capital Edge Consulting The Director of the DCAA and selected industry representatives testified April 6th in front of the House Armed Services Committee regarding the current state of the DoD contract auditing process, i.e., the DCAA. Not surprisingly, the views of the DCAA and [..Read More..]
The Pendulum Swings Back at a Breakneck Pace (A New Era Begins – Part 2)
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..]
Updates to the Defense Contract Audit Agency (“DCAA”) Contract Audit Manual (“CAM”)
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..]
Software Implementation: By Failing to Prepare, You Are Preparing to Fail
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..]
Inadequate Documentation: A Sure-fire Way to Fail a DCAA Audit
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..]
The State of Federal Spending in 2017
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..]
New DCAA Guidance – Good News for Contractors?! Professional and Consulting Service Costs
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..]
What to Expect in 2017. A New Era Begins. (Part 1)
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..]
Five Trends Shaping Federal Contracts in Fiscal 2017
(Blog Post Credit: Duncan Amos, Bloomberg Government) After years of decline, government contracting may increase in fiscal 2017. Relatively flat spending decreases in recent years and increased budgets may translate into a reversal of a years-long slide. While it’s too soon to look at Pentagon [..Read More..]
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