Efficiency of Business System Proposed Rule Has Silver Lining for Contractors

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In enforcing the business system rule, DoD is addressing DCAA workload challenges by proposing to “entrust contractors with the capability to demonstrate compliance with DFARS system criteria for contractors’ accounting systems, estimating systems, and material management and accounting systems, based on contractors’ self-evaluations and audits by independent Certified Public Accountants (CPAs) of their choosing. Government auditors will perform overviews of the results of contractor self-evaluations and CPA audits.”

On July 15, the Department of Defense issued a proposed rule that would amend the DFARS by shifting responsibility of auditing certain business systems[1] from DCAA to contractors and CPA firms. …read more

Read more here: Government Contracting

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