FAR compliance is important regardless of DCAA being involved, as it is still required by your contract, and good accounting is inherent to good business practices. Ensuring compliance related to DCAA requirements will allow your business to continue a successful relationship with the government, while avoiding: repayments, penalties, delay or loss of contract and wasted [...]
Important Update 52.237-10 -- Identification of Uncompensated Overtime. As prescribed in 37.115-3 , insert the following provision: Identification of Uncompensated Overtime (Mar 2015) (a) Definitions . As used in this provision -- “Adjusted hourly rate (including uncompensated overtime)” is the rate that results from multiplying the hourly rate for a 40-hour work week by 40, and then [...]
The necessity of compliance isn’t going anywhere: That may seem like an obvious statement, but despite declining budgets, many federal agencies will increase audits and fraud investigations in 2015. The Department of Health and Human Services Fiscal Year 2015 Budget in Brief states, “The Budget includes $400 million in discretionary and mandatory funding for the [...]
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