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Government Accounting System Requirements

publication date: Dec 17, 2006
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Are government accounting system requirements only applicable for Cost Reimbursement Type Contracts? This is a widely misunderstood concept. Many contractors feel that they do not have to worry about audits since they do not have any cost plus fixed fee (CPFF) type contracts. Others feel that since their contract(s) are small they are okay. Boy do they find out the hard way that this is not true. Let me tell you how it generally works...


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