This article "Data Accuracy is Crucial to Audit Readiness" was written by A2B Tracking’s President and CEO, Peter Collins. It was published in the NPMA Newsflash last month. To download the full article -- click here. By Peter Collins Audit Readiness is a major initiative in 2018 for the Defense Department and this is putting increased [...]
Defense Contractors that manage government property to FAR 52.245-1 obligations or supply assets to the US Military are obligated to comply with the Defense Departments’ IUID Policy. The IUID Policy is a series of regulations set out to define the Marking Requirements for government property and assets. For this blogpost I would like to address [...]
2018 marks the 1st annual department-wide Audit in the history of the Defense Department. Estimates suggest that the DoD is investing approximately $350 Million to perform this audit. Comptroller, Norquist stated that by Spring of 2018, “We will have over 1,200 auditors inspecting the Department of Defense from book to floor and floor to book.” Ensuring [...]
There is a lot of discussion around Sustainable Audit Readiness in the Defense Industry right now. And for good reason, Congress has passed the FIAR Initiative which is mandating accountability and currently requiring the DoD to conduct its first annual agency-wide audit. FIAR stands for Financial Improvement and Audit Readiness and the US Department of [...]
The US Congress together with the current administration are holding the Department of Defense (DoD) accountable to achieve and sustain Full Audit Readiness of DoD property, plant, equipment, operating materiel and supplies starting FY2018. This audit readiness initiative is more than an investigation into accounting and record keeping. It’s a department-wide endeavor, which began in [...]
In our recent webinar, Peter Collins and I went through the 5 Key Steps to Audit-Ready IUID Labels. We started off this live webinar session by addressing a question that I get fairly regularly — Why are IUID labels so important? […]
Peter Collins, A2B Tracking’s President and CEO, will be a speaker at the 2017 NPMA Annual NES Conference. The National Property Management Association (NPMA) will host the event on July 31 - Aug 3, 2017 in Phoenix, Arizona. The NPMA Conference is the premier educational seminar for property professionals and government property managers from [...]
Pat Jacklets, A2B Tracking’s Asset Management Expert, will be a featured speaker at the 2017 NPMA NES Conference. The National Property Management Association (NPMA) will host their annual conference on July 31 - Aug 3, 2017 in Phoenix, Arizona. The event is NPMA’s premier educational seminar for property professionals and government property managers from across [...]
Most of the Defense Industry is aware that the US Congress has mandated in the FIAR Directorate, that all DoD property be fully accountable by the end of Fiscal Year 2017. Which means that if you are planning to do business with the DoD in Fiscal Year 2018 — your organization needs to be prepared [...]
The US Congress mandates that the Department of Defense keeps track of and is accountable for all of their property down to the individual unique asset level. The DoD is arguably the largest organization in the world with estimates of 130 million individual assets in their custody. Keeping track of an inventory of this [...]
