Are you checking all the FAR Part 31 boxes?
There are ongoing procedures necessary to comply with the Federal Acquisition Regulation Part 31. To help, we’re sharing our
“43-Steps To FAR Compliance” checklist. Download it, print it, share it and adhere to it. Trust us, this list will help you avoid trouble.
- ongoing cash management
- credit card management
- timecard and employee resources planning and management
- cutoff
- other assets and accrued expenses
- debt
- equity
- contract and grant management
- indirect rate monitoring
- revenue recognition
It also shows which tasks can be completed by a competent, well-trained administration person, a degreed accountant, or a FAR Part 31 specialist.