Tips for Effective Compliance

From Knowledge base

Have a Written Compliance Program

Follow it

Risk Areas

Business Systems

There are 6 Business Systems under the DFARS Business System Rule. They are:

1. Accounting System

2. Earned Value Management System

3. Estimating System

4. Material Management & Accounting System

5. Purchasing System

6. Property Management

You can find more discussion and links to these systems here:

http://www.govcwiki.org/index.php?title=Category:Business_Systems

Truth in Negotiations

Cost Accounting Standards

Other Risk Areas

Evaluate them

Monitor Enforcement Actions

Monitor Regulatory Developments

Understand your Exposure and Risks

Invest in your Compliance Program

People

Technology

Training and Education

Communication

Internally

Externally

Be Proactive, Not Reactive