New provisions may benefit contractors. In early December 2016 the Senate passed the 2017 National Defense Authorization Act increasing defense spending to $619 Billion. Within that bill, there are a number of items that contractors will need to pay close attention to including in Section 893 which allows the DoD to authorize contractors to utilize third party reviews of business systems covered by the DFARS Business System rules. This change, may be a benefit to many contractors as well as further reduce systems audit backlogs by DCAA. However, there are a lot of questions about this new process, particularly how the NDAA requirements will be implemented in regulation. Join us as presenters from Capital Edge Consulting discuss:
  1. Background of Amendment
  2. Regulatory Status and Questions That Must Be Answered
  3. Contractors Who Might Benefit
  4. Next Steps for Contractors
You will gain an understanding of Section 893 of the 2017 National Defense Authorization Act directing the Department of Defense to allow contractors to utilize third party reviews of business systems covered by the DFARS Business system rules. Discussion will include identification of potentially benefitting classes of contractors and observations on next steps for both contractors and the DoD.