Acceptable accounting system definition
Acceptable accounting system means a system that complies with the system criteria in paragraph (c) of this clause to provide reasonable assurance that—
Acceptable accounting system means a system that complies with the system criteria to provide reasonable assurance that—
Acceptable accounting system means a system that complies with the system criteria in paragraph (c) of this clause to provide reasonable assurance that—
(i) Applicable laws and regulations are complied with;
(ii) The accounting system and cost data are reliable;
(iii) Risk of misallocations and mischarges are minimized; and
(iv) Contract allocations and charges are consistent with billing procedures.
More Definitions of Acceptable accounting system
Acceptable accounting system means a system that has an effective internal control structure complies with the system criteria in paragraph (c) of this clause to provide reasonable assurance that—
Acceptable accounting system means a system that complies with the system has an effective internal control structure complies with the system criteria in paragraph (c) of this clause to provide reasonable assurance that— (i) Applicable laws and regulations are complied with;
Acceptable accounting system means a system that complies with the system criteria in paragraph (c) of this clause to
Acceptable accounting system. The Offeror shall submit a copy of the most recent DCAA or DCMA review letter regarding the status of their accounting system. If the Offeror’s accounting system was disapproved or deemed to be not adequate, the Offeror will identify all deficiencies along with steps taken, or to be taken, to correct the deficiencies and a timeline to include audit by the cognizant audit agency after corrective action has been implemented. If the Offeror’s accounting system has never been audited by their cognizant federal audit agency, the Offeror will so state.