The Business Systems Rule: Could it Get More Complicated?
Since the DFARS were modified to allow the government to withhold payments to contractors that fail to maintain a contractually required business system, millions of dollars of payments have been withheld. Though still in its infancy, the DoD is already proposing changes to the rule that will make compliance more complex and costly for contractors. Maintaining acceptable business systems will no longer enough to comply with the Business Systems Rule.
Under the proposed rule contractors will be responsible for performing an annual audit and certifying compliance for the Accounting, Estimating and Material …read more
Read more here:: Aronson Capital Partners