DFARS Business System Rule - Monitoring Requirements
From Knowledge base
Contractual Monitoring Requirements
System | Area | DFARS Clause | Monitoring Requirement |
---|---|---|---|
Accounting | 252.242-7006 | Management reviews or internal audits of the system to ensure compliance with the Contractors established policies, procedures, and accounting practices; | |
Indirect/ODC | |||
Control Environment | |||
Billing | |||
Labor | |||
General IT | |||
Earned Value Management | 252.234-7002 | Management procedures that provide for generation of timely, reliable, and verifiable information for the Contract Performance Report (CPR) and the Integrated Master Schedule (IMS) | |
Estimating | Budget/Planning | 252.215-7002 | Adequate Supervision throughout the process |
Management review, including verification of compliance with policies, procedures, and practices | |||
Material Management & Accounting | 252.242-7004 | Periodic internal reviews to ensure compliance with established policies and procedures | |
Provide a mechanism to identify, report, and resolve system control weaknesses and manual override | |||
Property Management | 252.245-7003 | Establish and maintain procedures necessary to access its property management system effectiveness and shall perform periodic internal reviews, surveillances, self assessments, or audits | |
Purchasing | 252.244-7001 | Perform internal audits or management reviews, training, and maintain policies and procedures for the purchasing department to ensure the integrity of the purchasing system |
Business System Compliance Dashboard
Topic | Contractor Business System | Estimating System | Accounting System | Purchasing System | Material Mgmt & Acctg System | Govt Property System | Earned Value Mgmt System |
---|---|---|---|---|---|---|---|
DFARS Clause | 252.242-7005 | 252.215-7002 | 252.242-7006 | 252.244-7001 | 252.242-7001 | 252.245-7003 | 252.234-7002 |
Current Approval Status | Not evaluated | Not evaluated | Approved | Disapproved | Approved | Approved | Not evaluated |
Status of Government Audit | Under Audit | Several Findings | Audit due next year | Audit just complete | Under audit this year | ||
System Approval Date | N/A | N/A | 1-1-2012 | 1-1-2013 | 1-1-2012 | 1-1-2011 | N/A |
Observations | |||||||
Actions | |||||||
Priorities/Areas of Focus |