Contractor Business Systems: DFAR and FAR Requirements and Current Trends
August 31, 2021
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Listen to Eric Poppe, a Senior Manager in Cherry Bekaert’s Government Contracting practice, and Brendan Halloran, also a Senior Manager in the Firm’s Government Contracting practice who previously spent 10 years at the Defense Contract Management Agency (DCMA), including 7 years as a Divisional Administrative Contracting Officer (DACO), discuss contractor Business Systems requirements and trends they are currently seeing for Business Systems in large Request for Proposals and solicitations.
The Defense Contract Audit Agency (DCAA) has a renewed focus on Accounting, MMAS and Estimating systems and is getting back into the program audit cycle with a focus on completing Business Systems audits. Contractors need to think ahead to understand what the criteria are and prioritize the Systems that apply to their business. By working towards being prepared for a potential audit or review, contractors can avoid surprises or scrambling to get a system reviewed for an RFP requirement.
Our government contracting consulting professionals have worked extensively in the Federal contract arena and are well versed in business systems requirements and complex control environments. We guide contractors in developing and maintaining compliant business systems, perform assessments against the criteria, provide audit support, and prepare contractors for audits or reviews by DCAA, DCMA or other cognizant agencies.