by Paul Skurpski | Nov 11, 2024 | Blog, Compliance, Government Contracting
SUMMARY: Government contractors reselling products to federal agencies must strictly adhere to critical regulatory frameworks like the Trade Agreements Act and cybersecurity standards to ensure legal operations and secure ongoing contracts. The Trade Agreements Act...
by GovCon365 | Oct 1, 2020 | Blog, DCAA Compliance, FAR
SUMMARY: Government contractors must distinguish that while the Federal Acquisition Regulation (FAR) dictates the allowability of specific costs charged to the government, Cost Accounting Standards (CAS) govern the allocability and accounting consistency of those...
by GovCon365 | Jul 2, 2020 | Blog, FAR, Government Contracting
SUMMARY: This article provides a comprehensive overview of Contractor Purchasing System Reviews (CPSRs), explaining the regulatory requirements under FAR and DFARS, the detailed six-step execution process by the DCMA, and how Microsoft Dynamics 365 automates...
by GovCon365 | Feb 28, 2020 | Blog, FAR, Government Contracting
SUMMARY: Government contractors must combine specialized accounting knowledge with DCAA-compliant technology to navigate complex federal regulations and ensure perpetual audit readiness. Acquire Specialized Knowledge: Accountants in this sector need specific expertise...
by GovCon365 | Dec 26, 2019 | Blog, DCAA, Government Contracting
SUMMARY: Government contractors must strictly adhere to volatile federal accounting regulations and maintain constant audit readiness to ensure compliance and avoid costly operational disruptions. Accounting standards for contractors are denser and more erratic than...
