SF 1408 Checklist Explained – The Key to DCAA Compliance
By Paul Calabrese, Principal and Jennifer Arce, Principal Unlike fixed-price contracts—where the contractor bears the risk and compliance burden is lighter—cost-reimbursable contracts impose a high level of scrutiny and administrative oversight. Contractors must justify every expense, comply with strict rules under FAR 31.2, and prepare for continuous DCAA reviews. With this in mind, it is…
Critical Safeguards for Contractors Amid Rising Enforcement of the False Claims Act (FCA)
The False Claims Act (FCA) has long been a critical tool for the U.S. government in fighting fraud within federal contracting. Recently, heightened enforcement efforts by the Department of Justice (DOJ) and other federal agencies have led to significant settlements and a growing concern among government contractors. As these enforcement actions ramp up, it’s crucial…
Reflecting on Key Revisions to the Uniform Guidance (2 CFR Part 200)
In October, we explored the changes to the federal Uniform Guidance (2 CFR Part 200). With the final revisions having taken effect on October 1, 2024, this marks the most significant changes since the guidance’s original release in 2013. Join us for a follow-up session where GRF experts will delve deeper into the material covered…
Enhance Trust and Security: The Advantages of SOC 2 Audits for Your Organization
Would you do business with an organization you don’t trust? Safeguarding the sensitive data your organization receives from donors, customers, employees, and other stakeholders is a strategic imperative today. That’s where a SOC 2 audit comes in. This audit assesses an organization’s controls related to security, availability, processing integrity, confidentiality, and privacy of customer data….
GRF’s Melissa Musser Speaks on ERM & GRC at Ethicsverse LIVE Event
GRF’s Melissa Musser, a leading expert in enterprise risk management (ERM) and governance, risk, and compliance (GRC), made a guest appearance on an Ethicsverse LIVE webinar recently. The session, titled “Mastering the ERM & GRC Convergence,” focused on how compliance and GRC leaders can better support senior management and the board by communicating compliance risks…
Key Lessons Learned from CECL Implementation
The implementation of the Current Expected Credit Loss (CECL) model marks a significant shift in how nonprofits approach financial reporting and credit loss estimation. Introduced by the Financial Accounting Standards Board (FASB), CECL requires organizations to estimate expected credit losses over the life of a financial asset, replacing the previous incurred loss model. As we…