by Chess Consulting | Oct 24, 2024 | Disputes and Investigations
On May 4, 2024, the Armed Services Board of Contract Appeals (“ASBCA”) awarded nearly $4.9 million in damages plus Contract Disputes Act interest to Konecranes Nuclear Equipment Services, LLC (“Konecranes”) due to a breach of contract by the Navy. The breach of... by Chess Consulting | Sep 26, 2024 | Government Contract Regulatory Compliance
In March 2024 the Defense Contract Audit Agency (DCAA) released its Report to Congress. The report covers the Agency’s audit activities in FY 2023 and plans for FY 2024. The areas addressed in the report include Forward Pricing, Incurred Cost, Claims and Terminations,... by Chess Consulting | Sep 20, 2024 | Complex Accounting and Risk Management
This Financial Reporting Update highlights key developments and issues that are relevant to Finance and Accounting Professionals. Financial Accounting Standards Board On August 12th, 2024, a letter was submitted to the Financial Accounting Standards Board... by Chess Consulting | Aug 14, 2024 | Complex Accounting and Risk Management
This Financial Reporting Update highlights key developments and issues that are relevant to Finance and Accounting Professionals. Financial Accounting Standards Board On July 12th, 2024, the Financial Accounting Standards Board (FASB) released a statement... by Chess Consulting | Jul 31, 2024 | Government Contract Regulatory Compliance
Over the last few years many government contractors have been evaluating and adjusting their office footprint as a result of increased remote work. During this time many have been wondering when the Defense Contract Audit Agency (“DCAA”) would shift their focus to...