CORB STUDY QUESTIONS
DFARS 252.242-7005 - Answer -Contractor Business Systems (CBS): Based on
statutory requirements for "covered" contracts, i.e., subject to Cost Accounting
Standards (41 U.S.C. chapter 15); provides authority to apply financial withholds; (R9
"30", add SCP "U" if withholds )
DFARS 252.242-7006 - Answer -Accounting System: means the Contractor's system
for accounting methods, procedures, and controls established to gather, record,
classify, analyze, summarize, interpret, and present accurate and timely financial data
for reporting in compliance with applicable laws, regulations, and management
decisions, and may include subsystems for specific areas such as indirect and other
direct costs, compensation, billing, labor, and general information technology. (R9 "89")
DFARS 252.215-7002 - Answer -Cost Estimating System: means the Contractor's
policies, procedures, and practices for budgeting and planning controls, and generating
estimates of costs and other data included in proposals submitted to customers in the
expectation of receiving contract awards. (R9 "87")
DFARS 252.234-7002 - Answer -Earned Value Management System (EVMS): means a
project management tool that effectively integrates the project scope of work with cost,
schedule and performance elements for optimum project planning and control. On time
and no overruns. (R9 "PP"), 4 YR Review
DFARS 252.242-7004 - Answer -Material Management and Accounting System
(MMAS): means the Contractor's system or systems for planning, controlling, and
accounting for the acquisition, use, issuing, and disposition of material. May be manual
or automated. They may be stand-alone systems or they may be integrated with other
systems. (R9 "88")
DFARS 252.245-7003 - Answer -Property Management System: means the
Contractor's system or systems for managing and controlling Government property.
(SPC "E")
DFARS 252.244-7001 - Answer -Purchasing System: means the Contractor's system
or systems for purchasing and subcontracting, including make-or-buy decisions, the
selection of vendors, analysis of quoted prices, negotiation of prices with vendors,
placing and administering of orders, and expediting delivery of materials. (R9 "90), 3
YRS or IAW SP
Business System Deficiency - Answer -- Contract specific (isolated, less than
significant) violation of contract requirement
- Systemic (i.e., impacting the system as a whole, significant) tied to DFARS system
criteria
, Significant deficiency - Answer -In the case of a contractor business system, means a
shortcoming in the system that materially affects the ability of officials of the Department
of Defense to rely upon information produced by the system that is needed for
management purposes
Business System Reports - Answer -DCMA FS issues a functional specialist report,
Business System Analysis Summary (BSAS), and draft Level III/IV Corrective Action
Requests (CAR) for:
- EVMS
- Property Management Systems
- Purchasing Systems
(BSAS- is an internal document, not releasable to contractor)
DCAA or host nation generally issues audit reports for:
- Accounting Systems
- Cost estimating
- MMAS
After the receipt of the business system report the ACO should update the - Answer -
CBS tracker with the date of the report and date received.
Who manages AIT? - Answer -The ACO, DACO, CACO as the Cognizant Federal
Agency Official must create and maintain a current record in the AIT eTool (or other
agency designated database tracking system) for all CAS related activities (e.g.
Disclosure Statement submissions, CAS related audit reports/memorandums, reviews
of Disclosure Statements, Cost Impacts, and ACO final actions).
When does CACO/DACO/ACO create an AIT record? - Answer -Disclosure Statement
AIT record should be created within 5 working days after receipt of notice.
CAS AIT record should be created within 5 days upon notice from auditor of a potential
CAS noncompliance included in any audit report (if no CAS noncompliance audit report
is issued the record can be closed after confirmation from DCAA that the report will not
be issued).
Who manages CBS Tracker? - Answer -The ACO, DACO, CACO update the status of
the approved business system in the Agency's official Contractor Business System
Determination Timeline Tracking Tool (CBS Tracker).
After issuance of the initial or final determination on any of the following the ACO must
immediately update the status of the CBS Tracker.
Who manages CAFU? - Answer -The ACO, DACO, CACO, TCO is the Cognizant
Federal Agency Official who ensures all assigned audits are recorded in CAFU and the
information, including status and remarks, is current, accurate, and complete.
DFARS 252.242-7005 - Answer -Contractor Business Systems (CBS): Based on
statutory requirements for "covered" contracts, i.e., subject to Cost Accounting
Standards (41 U.S.C. chapter 15); provides authority to apply financial withholds; (R9
"30", add SCP "U" if withholds )
DFARS 252.242-7006 - Answer -Accounting System: means the Contractor's system
for accounting methods, procedures, and controls established to gather, record,
classify, analyze, summarize, interpret, and present accurate and timely financial data
for reporting in compliance with applicable laws, regulations, and management
decisions, and may include subsystems for specific areas such as indirect and other
direct costs, compensation, billing, labor, and general information technology. (R9 "89")
DFARS 252.215-7002 - Answer -Cost Estimating System: means the Contractor's
policies, procedures, and practices for budgeting and planning controls, and generating
estimates of costs and other data included in proposals submitted to customers in the
expectation of receiving contract awards. (R9 "87")
DFARS 252.234-7002 - Answer -Earned Value Management System (EVMS): means a
project management tool that effectively integrates the project scope of work with cost,
schedule and performance elements for optimum project planning and control. On time
and no overruns. (R9 "PP"), 4 YR Review
DFARS 252.242-7004 - Answer -Material Management and Accounting System
(MMAS): means the Contractor's system or systems for planning, controlling, and
accounting for the acquisition, use, issuing, and disposition of material. May be manual
or automated. They may be stand-alone systems or they may be integrated with other
systems. (R9 "88")
DFARS 252.245-7003 - Answer -Property Management System: means the
Contractor's system or systems for managing and controlling Government property.
(SPC "E")
DFARS 252.244-7001 - Answer -Purchasing System: means the Contractor's system
or systems for purchasing and subcontracting, including make-or-buy decisions, the
selection of vendors, analysis of quoted prices, negotiation of prices with vendors,
placing and administering of orders, and expediting delivery of materials. (R9 "90), 3
YRS or IAW SP
Business System Deficiency - Answer -- Contract specific (isolated, less than
significant) violation of contract requirement
- Systemic (i.e., impacting the system as a whole, significant) tied to DFARS system
criteria
, Significant deficiency - Answer -In the case of a contractor business system, means a
shortcoming in the system that materially affects the ability of officials of the Department
of Defense to rely upon information produced by the system that is needed for
management purposes
Business System Reports - Answer -DCMA FS issues a functional specialist report,
Business System Analysis Summary (BSAS), and draft Level III/IV Corrective Action
Requests (CAR) for:
- EVMS
- Property Management Systems
- Purchasing Systems
(BSAS- is an internal document, not releasable to contractor)
DCAA or host nation generally issues audit reports for:
- Accounting Systems
- Cost estimating
- MMAS
After the receipt of the business system report the ACO should update the - Answer -
CBS tracker with the date of the report and date received.
Who manages AIT? - Answer -The ACO, DACO, CACO as the Cognizant Federal
Agency Official must create and maintain a current record in the AIT eTool (or other
agency designated database tracking system) for all CAS related activities (e.g.
Disclosure Statement submissions, CAS related audit reports/memorandums, reviews
of Disclosure Statements, Cost Impacts, and ACO final actions).
When does CACO/DACO/ACO create an AIT record? - Answer -Disclosure Statement
AIT record should be created within 5 working days after receipt of notice.
CAS AIT record should be created within 5 days upon notice from auditor of a potential
CAS noncompliance included in any audit report (if no CAS noncompliance audit report
is issued the record can be closed after confirmation from DCAA that the report will not
be issued).
Who manages CBS Tracker? - Answer -The ACO, DACO, CACO update the status of
the approved business system in the Agency's official Contractor Business System
Determination Timeline Tracking Tool (CBS Tracker).
After issuance of the initial or final determination on any of the following the ACO must
immediately update the status of the CBS Tracker.
Who manages CAFU? - Answer -The ACO, DACO, CACO, TCO is the Cognizant
Federal Agency Official who ensures all assigned audits are recorded in CAFU and the
information, including status and remarks, is current, accurate, and complete.
