Yesterday we discussed a contractor’s lack of robust internal controls that allowed an employee to embezzle $1.3 million over a four year period. If you missed that post, you can read it here. Every company needs internal controls but small companies sometimes cannot afford to have comprehensive systems to guard against fraud, waste, and abuse. But there are things even the smallest company can afford.
Source: PNWC’s Government Contracting Update: Internal Control Questionnaire for Small Contractors
New Regulation Formalizes Ombudsman Practice and Identity for IDIQ Contracts
An ‘ombudsman’ is an official charged with addressing and/or investigating the interests of individuals’ or companies’
