31.002
Availability of accounting guide
Contractors can access the DCAA Pamphlet No. 7641.90 online for essential guidance on developing compliant accounting systems for government contracts.
Overview
FAR 31.002 informs contractors that they can access the Defense Contract Audit Agency (DCAA) Pamphlet No. 7641.90, titled "Information for Contractors," to assist in developing or improving their accounting systems and procedures. This pamphlet provides guidance on accounting practices relevant to government contracting and is available online at the DCAA website. The section encourages contractors to utilize this resource to ensure their accounting systems meet federal requirements, particularly those related to cost principles and procedures under Part 31.
Key Rules
- Availability of DCAA Pamphlet
- Contractors may request or download the DCAA Pamphlet No. 7641.90 for guidance on accounting systems.
- Purpose of the Pamphlet
- The pamphlet provides information to help contractors develop or improve accounting systems and procedures in line with government expectations.
Responsibilities
- Contracting Officers: Should inform contractors about the availability of the DCAA pamphlet as a resource for accounting system development.
- Contractors: Should utilize the DCAA pamphlet to align their accounting systems with federal requirements and best practices.
- Agencies: No direct oversight or reporting obligations specified in this section, but agencies may reference the pamphlet during audits or system reviews.
Practical Implications
- This section exists to provide contractors with a practical resource for understanding and implementing compliant accounting systems.
- It impacts daily contracting by offering a clear, authoritative guide for accounting practices, reducing the risk of noncompliance during audits.
- Common pitfalls include failing to use available resources, which can lead to inadequate accounting systems and potential audit findings.