Last year when the economy “tanked” many small businesses looked to the one customer that was still spending money, the Federal Government.
In case you weren’t watching, there were some significant changes to the Federal Acquisition Regulations (FAR) recently.The Secretary of Defense issued a Federal Acquisition Circular Number 2005-37 on...
Wow, we are seeing a lot of changes in the government's auditing agency lately. We have seen it written up twice in the last 18 months by the GAO. Senator McCaskill (Chair of a Homeland Security and...
Many of us recall the memo issued last December by the DCAA director instructing auditors to only issue "pass or fail" criteria as a result of the audit (Reference our blog titled: "DCAA 2008 year End...
As the DCAA tightens it’s auditing requirements, there are more and more stories of accounting systems in small business that do not pass DCAA audits.Most of this change has occurred since last December...
Since the DCAA memo released in December (see our blog: "DCAA 2008 Year End Guidance, Happy Holidays, Government Contractors") we have noticed a trend from the DCAA becoming more strict in their...