Update: Business System Proposed Rule…Closed?!

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The proposed DFARS rule 2012-D042, released in July 2014, attempted to address DCAA workload challenges in keeping up with the review of contractor business systems. The rule proposed 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.”

The Department of Defense issued the proposed rule in an attempt to amend the DFARS by shifting responsibility …read more

Read more here:: Government Contracting

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