Self-reporting fraud rule for govt contractors takes effect

[Robbien]

The controversial new Federal Acquisition Regulation rule requiring contractors to disclose government overpayments and their own criminal contracting violations went into effect Dec. 12 at 9 a.m.

Under the new FAR rule, company executives must disclose to the inspector general of the agency with which they have a contract as soon as there is "credible evidence" that the company or one of its employees has violated contracting regulations related to fraud, bribery, conflicts of interest, false claims or gratuity.

. . . The General Services Administration's Office of Inspector General has created a Web site with a standardized online disclosure form to centralize the receipt of these reports from GSA contractors.


http://www.govexec.com/story_page.cfm?articleid=41621&dcn=todaysnews

Self audits replacing regular government audits. Now that's gonna work.

[TygrBright]

1. Ya Can't Make This S*** Up

Every time I think the * Administration has broken the barrier at the end of the Surreal Universe...

I LOVE the part about the online form.

Betcha they get tons of those.

Amazing.

speechlessly,
Bright