By Nicole Owren-Wiest, Steve McBrady, Elizabeth Buehler and Charles Baek on Posted in Cost/Cost Accounting,Legal DevelopmentsThe Defense Contract Audit Agency (“DCAA”) recently made public its Fiscal Year 2017 Report to Congress, which, among other things, provides an update on incurred cost audits. Specifically, the report explains that DCAA: Closed “6,786 incurred cost years” using a variety of methods, namely reports and memos, but also for other reasons (e.g., per the… Continue Reading
By Nicole Owren-Wiest, Elizabeth Buehler, Sharmistha Das and Charles Baek on Posted in Cost/Cost Accounting,Legal DevelopmentsContractors looking for updates to the statutory allowable cost limits on employee compensation may be looking in the wrong place. But what was once lost can easily be found, at least for the moment, by simply navigating to a different website. The Cost Principles and the Compensation Cap FAR 31.205-6(p)(4) governs the allowable compensation of… Continue Reading
