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E. Cohen & Company CPAs, Here Are Your Articles for Thursday, July 25, 2019
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Auditors Advised to Monitor Contractor Business Systems

The Defense Department’s management and auditing sub-agencies need to clarify their roles and improve the timeliness of their examinations of contractor accounting, estimating and purchasing systems, a watchdog found.

Report to Congress Says DCAA Backlog is No More

The Defense Contract Audit Agency (“DCAA”) recently made public its Fiscal Year (FY) 2018 Report to Congress (“Report”), which, among other things, provides an update on its incurred cost audits and highlights DCAA’s industry outreach activities.

Contract Closeout In Small Business Federal Government Contracting

This article will discuss the principal features of the closeout process in small business federal government contracting and provide references for further process detail.

Agencies Seek Betters Ways to Track Past Performance

Federal agencies are exploring ways to more effectively review contractors' past performance, including harnessing bots, according to acquisition officials.

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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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