Understanding 2 CFR 200 Requirements Related to Subrecipients vs Contractors Whitepaper

A White paper by John Shire, Director & Lynne Nalley, Director

Federal Acquisition Regulations (FAR) is structured significantly differently than OMB Guidance 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (i.e., Grants and Cooperative Agreement).

Understanding the ICS Model and the Path to Completion Training Webinar

This FREE webinar will offer attendees an overview of the individual schedules of the Incurred Cost Submission and provide specific information to the importance of each. If you have the Allowable Cost and Payment Clause (FAR 52.216-7) within your contracts, you are required to complete an ICS within 6 months of your fiscal year end. This presentation by Mrs. Basden will assist you in understanding your ICS obligations and compliance requirements. Let’s get a jump on your submission early!

Total Time Accounting in the Govcon Environment (Uncompensated Overtime for FLSA Exempt Employees)

A Whitepaper by John C. Shire, CPA, Director, Redstone GCI & Asa Gilliland, President & Director, Redstone Government Consulting

Based on DCAA’s track record of disregarding its own guidance on what are acceptable accounting methods for contractors incurring potentially significant amounts of uncompensated overtime, DCAA is very likely to see the risk sufficient to report what they see as a non-compliance as a significant deficiency and therefore recommend system disapproval and the implementation of a withhold.