Regulatory Compliance, Financial Management
17 Jan 2025
compliance, regulations, federal acquisition, government procurement, dod, contractor business systems
📊New DoD Regulation on Material Weakness and Business Compliance
DoD is issuing a final rule amending the Defense Federal Acquisition Regulation Supplement (DFARS) to implement sections of the National Defense Authorization Acts for Fiscal Year 2021 that defines the term "material weakness" for Government evaluation of contractor business systems. The term "material weakness" replaces the term "significant deficiency."
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