Insights

For many years, small business contractors performing on set aside contracts were limited in the amount of work that could be subcontracted. This limitation was generally, and misleadingly, referred to as the 50 percent rule.

Last month, the Department of Justice issued its annual report on recoveries under the False Claims Act (“FCA”) cases during fiscal year 2018. The amount of recoveries for procurement fraud totaled approximately $107 million.

A new Accounting Standards Update (“ASU”) from the Financial Accounting Standards Board (“FASB”) removes Topic 995, U.S. Steamship Entities, from its Codification.

The AICPA issues new technical questions and answers. Stay informed about the latest updates and their impact on financial reporting.

A Senate bill offers Sarbanes-Oxley exemptions for small banks. Discover what this means for financial regulations.

James Doty steps down as PCAOB Chairman, ensuring a smooth transition. Discover how this change may impact audit oversight.

Cost realism in proposal evaluations is critical. Learn how it affects government contract awards and how to prepare.

FASB aims to eliminate bad debt reserve guidance for savings and loans. Learn what this means for accounting and financial reporting.

COFAR updates its FAQs on the Uniform Guidance. Learn how these updates affect your organization’s compliance efforts.

The Governmental Accounting Standards Board (“GASB”) has issued GASB Statement No. 85, Omnibus 2017, to address the following accounting and financial reporting matters: