The DoD has been trying to improve its financial accountability for years. One could easily point to the 1990 CFO Act as a significant milestone that recognized the need to improve the government’s financial management. Unfortunately, the Defense Department is the only federal executive agency that has not passed a financial statement audit since then. [...]
Many of our government property managers ask us to suggest a data collection tool that can allow them to go into the field, or the warehouse, and perform physical inventories and other asset detail functions. Mobile handheld devices (Industrial scanners, small touch computers and smart phones) are great for their mobility but can sometimes be [...]
This article was written by Thomas Brading and published on the US Army website. To read the full contents of the article click here. WASHINGTON -- Despite challenges brought on by the COVID-19 pandemic, the Army’s third annual audit is underway and on track to wrap up this fall, says a top Army comptroller, as [...]
A2B Tracking Webinar Series presents:Government Property Audits in 2020Thursday, May 7th at 2:00pm ET Annual Defense Audits are the new normal. But in 2020, there is an increased focus on the accountability of government property in the possession of contractors. This increased emphasis is putting pressure on Defense Contractors to maintain existence and completeness of [...]
The Defense Department continues it’s annual full financial Audit into fiscal year 2020. Last month, the DoD announced the 2019 Defense Audit results. For the second year in a row, the DoD officially failed the 2019 Audit; but, the Pentagon quickly reassured everyone that a clean opinion was not expected due to the size and scope [...]
Integrating mobility and leveraging modern technologies can be transformative for businesses today. Keeping up with the pace of business change is daunting and organizations need to embrace emerging technologies in the Internet of Things to stay ahead of the competition. For this post, I would like to discuss a new feature we’ve developed in [...]
I am looking forward to attending Deltek Insights next week in Orlando. Insights is an incredible event bringing together Deltek users, partners and industry experts under one roof to share best practices and the latest developments in the Deltek Project Nation. I will be focusing my attention on the government contractor community, and government property [...]
Keeping track of equipment is a challenge for many organizations -- but it’s particularly difficult for companies in the Rental Industry. Managing the location, custody and status of every individual piece of rental equipment, as they move from one job site to another, is critical for organizations like this. Lack of inventory accountability negatively [...]
Modern Government Property Managers are now working in a world where audits are the new normal. It’s no longer a question of if the audits will happen but when. In this post, I would like to take a closer look at why, I think, Audit Readiness is important for Government Property Managers. Last month, [...]
Many Defense Contractors are required to adhere to the FAR 52.245-1 clause. This Government Property clause is included in many defense contracts and ensures that the expectations of the contractor have been clarified -- namely that the Contractor must meet these government property management obligations. If your organization is holding a contract with the US [...]
