On February 12, 2015, the Defense Contract Audit Agency (DCAA) issued a Memorandum for Regional Directors (MRD) with new guidance for the DCAA and Defense Contract Management Agency (DCMA) on how to handle the growing backlog of overdue contractor indirect rate proposals (also known as incurred cost submissions or ICSs). In keeping with FAR 42.703-2(c) and FAR 42.705(c), DCMA will start to unilaterally establish contract costs for the overdue fiscal years starting in June 2015. Continue reading DCAA Updated Audit Guidance on the Treatment of Overdue Indirect Rate Proposals
On September 19, 2014, the Defense Contract Audit Agency (DCAA) issued a memorandum for regional directors, “Audit Alert on Evaluating the Adequacy of Cost Impact Proposals,” referencing a DCAA Cost Impact Adequacy Tool. Continue reading Audit Alert on Evaluating the Adequacy of Cost Impact Proposals
On July 15, 2014, the Defense Procurement and Acquisition Policy (DPAP) issued DFARS Case 2012-D042, a proposed rule adding new requirements for applicable contractors to annually self-assess their estimating systems, accounting systems, and material management accounting systems (MMAS) in accordance with DFARS 252.215-7002, 252.242-7006, and 252.242-7004, respectively.