Compliance
- CAS Coverage and Disclosure Statement Determination
For Government contracters looking to determine compliance requirements based upon contract (project) values, Cordia Partners offers this detailed flow chart "CAS Coverage and Disclosure Statement Determination".
- Comp Time Policies – Accounting Impacts for Government Contractors
The term “Comp Time” is often overused and can mean different things to different people. These suggestions by CPA Stephanie Widzinski of Watkins Meegan, will help guide you as you develop your firm's comp time policy.
- Document Retention Policies: How Long Should You Keep Things On-File?
When should you hold on to documents and when should you toss them? This reference guide from Watkins Meegan should help you keep your documents under control.
- Financial Audits – Deficiencies & Material Weaknesses & Their Meaning
A financial statement audit is designed to express an opinion on the financial statements, not on the entity's internal controls. However, obtaining an understanding of these controls remains a key part of every financial statement audit. Phil Philips, CPA of Watkins Meegan helps explain the language surrounding control gaps and deficiencies.
- Uncompensated Overtime & How It Impacts Government Contractors
Many government contractors have found themselves in a “discussion” with DCAA auditors regarding uncompensated overtime at one point or another. The following article by CPA Kristen Soles of Watkins Meegan helps provide guidance regarding how to properly account for uncompensated overtime.
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