Issue 24 – Understanding Indirect Rates and OMB A-133
It’s been almost a decade since electronic payment became commonplace among consumers: 2006 was the first year that as many bills were paid electronically as were paid with paper checks.
To be able to compete in the increasingly price-sensitive government contracting space, you have to understand your financial statements exceedingly well.
For government contractors, recent changes have increased the burden of compliance and also increased the cost of noncompliance.
Every year, Senator Tom Coburn releases what he calls the Wastebook, a document that details government spending he finds unjustifiable.