Category Archives: Cost Accounting

Government Shutdown: Day 24

The partial government shutdown began at midnight on December 21, 2018. As the shutdown entered its twentieth-fourth day, many government contractors were rightfully concerned about the status of negotiations between Congress and the president, the length of the shutdown, and its impact on their current and future contracts. As for the status of White House/Capitol Hill negotiations and the likely length of the shutdown, it is hard to say. Continue reading Government Shutdown: Day 24

Advanced Forum on DCAA and DCMA Cost, Pricing, Compliance, and Audits

On June 13, Mary Karen Wills will discuss “New Audit Challenges for Industry: The Practical Impact of the DCAA Selected Areas of Cost Guidebook.” Continue reading Advanced Forum on DCAA and DCMA Cost, Pricing, Compliance, and Audits

Year-End Compliance Planning for Federal Contractors and Awardees

As another year comes to a close, BRG’s Government Contracts Advisory Services team is here to share a year-end compliance planning checklist for Federal Contractors and Awardees. As you get ready to close the books on another year, these proactive efforts can help your organization prepare for and reduce delays in completing annual compliance and business processes, audit readiness, mitigation of potential issues, and improvement of audit outcomes and internal/external reporting. Continue reading Year-End Compliance Planning for Federal Contractors and Awardees

Updated DCAA Guidance on Expressly Unallowable Costs

In recent months, expressly unallowable costs have emerged as a focal point for the Defense Contract Audit Agency (DCAA). DCAA has issued two Memorandums for Regional Directors (MRDs) providing auditors with new guidance on identifying expressly unallowable costs, much to the dismay of contractors who believe that the guidance does not align with the intent of the applicable cost principles. These MRDs likely mean that contractors will receive more penalty recommendations than in years past, in addition to potential assertions of CAS 405 non-compliances. Continue reading Updated DCAA Guidance on Expressly Unallowable Costs