Peter Collins, A2B Tracking's founder and CEO, will be a featured speaker at the 2019 NPMA NES Conference. The National Property Management Association (NPMA) will host their annual conference on August 19 – Aug 22, 2019 in Washington, DC. The event is NPMA’s premier educational seminar for property professionals and government property managers from across [...]
2018 marked the first-ever full financial statement audit of the Department of Defense. This was a massive audit that covered more than $2.7 Trillion in US Military assets. The audit was carried out by more than 1,200 auditors in more than 900 site visits across the entire DoD. More audits on the way. If last [...]
The US Congress is holding the Defense Department accountable to perform a full financial department-wide Defense Audit each and every year. This Financial Improvement and Audit Readiness (or FIAR) Initiative has been in the works for more than ten years in a quest to improve accountability. After years of working towards this audit readiness objective [...]
Earlier this month, the DoD Inspector General’s Office released a report that found the F-35 Joint Program Office has not adequately tracked the government furnished property (GFP) used to build the fighter jets. Specifically the report found: “DoD officials did not account for and manage F‑35 Program Government property, including recording the property in an accountable [...]
Announcing the new 2019 Guide to Audit Readiness. The 2019 Guide to Audit Readiness will teach you what you need know to be able to manage your government property and military shipments in order to stay compliant to your government contract obligations. Get your Free Copy Now In this Guide you will learn: What Audit Readiness [...]
This article was published in the December 2018 issue of the NPMA Property Professional magazine. To download the full article see p27, click here. Data Accuracy is Crucial to Audit Readiness By Peter Collins Audit Readiness is a major initiative in 2018 for the Defense Department and this is putting increased importance on financial, property and [...]
Item Unique Identification or IUID, is an essential component for maintaining compliance with US Department of Defense equipment contracts. IUID refers to the permanent marking method used to give equipment a unique ID. Item Unique Identification compliance is critical for all Defense contractors that either manage or supply equipment to the DoD. IUID Data IUID [...]
Recently, as part of the A2B Tracking's Webinar Series, I presented an online session to discuss the latest developments in the FIAR Initiative and specifically How to prepare for the 2019 Defense Audit. The Financial Improvement and Audit Readiness (FIAR) Initiative began in FY2013 with the goal of improving the DoD’s financial management operations. The DoD [...]
The DoD's FY18 Audit is nearly over -- How do you prepare for 2019? The largest audit in Department of Defense history is currently underway. Estimates place the cost of the audit initiative above $900 Million for FY18. The audit portion is estimated at $367 million, while fixing the issues uncovered by the audit could [...]
Last month at the NPMA NES conference in Chicago, Pat Jacklets and I presented on the topic of Audit Readiness. It was such a popular session that the NPMA asked us to offer it again as an online webinar. Please sign up here for this free one hour session on Audit Readiness and the Impact [...]
