This course offers a comprehensive guide on the new DFARS amendments, focusing on the definition and implications of ‘material weakness’ in contractor business systems. Learn how these changes affect compliance requirements, the responsibilities of contracting officers, and the potential consequences of non-compliance, including system disapprovals and payment withholdings.
In this course you will learn the following:
* Understand the definition and implications of “material weakness” in contractor business systems.
* Identify the key requirements and procedures for compliance with the new DFARS rule.
* Recognize the roles and responsibilities of contracting officers and contractors in addressing material weaknesses.
* Comprehend the consequences of non-compliance, including payment withholdings and system disapprovals.
