The Inspector General’s Office released a report last month entitled: Understanding the results of the Audit of the DoD FY 2020 Financial Statements. The Office of the Inspector General has been performing the DoD department-wide, full financial statement Audit for the past 3 years. In the 2018, 2019, and now again in the 2020 Audit [...]
This article was originally published in the Deltek Government Contracting Blog. To read the entire Deltek article click here. DCAA and DCMA Audit Obligations for Defense Contractors By Peter Collins The two previous fiscal years (2018 and 2019) marked the first full financial statement audits of the Department of Defense (DoD). These were massive audits [...]
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. [...]
Annual full financial statement Audits have become the new normal for the Defense Industry. 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 all their government property, as well 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 [...]
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 [...]
The current administration and the US Congress are holding the Department of Defense (DoD) accountable to achieve and sustain full audit readiness of Government property, plant, equipment, operating materiel and supplies. Watch this on-demand webinar: 2019 Audit Readiness to learn how Financial Improvement and Audit Readiness (FIAR) will impact the entire Government Property Management community [...]
Pat Jacklets, A2B Tracking's Asset Management Expert, will be a featured speaker at the 2019 NPMA NES Conference. The National Property Management Association, or more commonly known as the NPMA, will host their annual conference on August 19 – August 22, 2019 in Washington, DC. The event is NPMA’s premier educational conference for property professionals and [...]
Announcing the new 2019 Guide to Audit Readiness. The 2019 Guide to Audit Readiness will teach you what you need know to be able to manage your government property and military shipments in order to stay compliant to your government contract obligations. Get your Free Copy Now In this Guide you will learn: What Audit Readiness [...]
This article was published in the December 2018 issue of the NPMA Property Professional magazine. To download the full article see p27, click here. Data Accuracy is Crucial to Audit Readiness By Peter Collins Audit Readiness is a major initiative in 2018 for the Defense Department and this is putting increased importance on financial, property and [...]
