We are only four weeks into 2020...hard to believe, with all that is going on in Washington. But, a piece of news you may have missed in the chaos of the last few months will have consequences for many defense contractors this year, and (likely) many years to come:
The DCAA will be tripling the number of Defective Pricing Audits in FY 2020, now that their extensive backlog of Incurred Cost Audits has finally been eliminated.
Given this new focus, now is an excellent time to revisit cost and pricing data, TINA, FAR Part 15, and what they all mean for government contractors. The following blog is taken from a popular white paper, written by ReliAscent Account Executive, Dave Donley. It provides valuable insights into these topics and is a terrific resource for new government contractors.
As always, we encourage all Federal Government Contractors and Grantees to subscribe to the ReliAscent Blog and White Paper Distribution List to stay informed and contact us if you ever have any questions about DCAA compliant accounting, contract management, or business and financial management services.