Sec. 893. Amendments to contractor business system requirements
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Section 893 of the Ike Skelton National Defense Authorization Act for Fiscal Year 2011 ( Public Law 111–383 ; 10 U.S.C. 2302 note) is amended in subsection (b)(1), by striking system requirements and inserting clear and specific business system requirements that are identified and made publicly available . Section 893 of such Act is further amended— by redesignating subsections (c), (d), (e), (f), and
(g)as subsections (d), (e), (f), (g), and (h), respectively; and by inserting after subsection
(b)the following new subsection (c): The review process for contractor business systems pursuant to subsection (b)(2) shall— if a registered public accounting firm attests to the internal control assessment of a contractor, pursuant to section 404(b) of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7262(b) ), allow the contractor, subject to paragraph (3), to submit certified documentation from such registered public accounting firm that the contractor business systems of the contractor meet the business system requirements referred to in subsection (b)(1) and to thereby eliminate the need for further review of the contractor business systems by the Secretary of Defense; limit the review, subject to paragraph (3), of the contractor business systems of a contractor that is not a covered contractor to confirming that the contractor uses the same contractor business system for its Government and commercial work and that the outputs of the contractor business system based on statistical sampling are reasonable; and allow a milestone decision authority to require a review of a contractor business system of a contractor that submits documentation pursuant to paragraph
(1)or that is not a covered contractor after determining in writing that such a review is necessary to appropriately manage contractual risk. . Section 893 of such Act is further amended in subsection (g), as so redesignated, by striking means a contractor and all that follows and inserting means a contractor that has covered contracts with the United States Government accounting for greater than 1 percent of its total gross revenue, except that the term does not include any contractor that is exempt, under section 1502 of title 41, United States Code, or regulations implementing that section, from using full cost accounting standards established in that section. . Section 893 of such Act is further amended in subsection
(a)by striking Not later than 270 days after the date of the enactment of this Act, the and inserting The .
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- Pub. L. 111-383
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Sec. 893
Amendments to contractor business system requirements
Pub. L.Pub. L. 111-383
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