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48 CFR · Federal Acquisition Regulation and Defense supplement

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The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

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54 sections with “Financial statement”: the first 40

  • FAR 52.247-6 Financial Statement.
    …on or for transportation-related services to ensure that offerors are prepared to furnish financial statements: Financial Statement (APR 1984) The offeror shall, upon request, promptly furnish the Government with a current certified state…
  • FAR 52.204-10 Reporting Executive Compensation and First-Tier Subcontract Awards.
    …stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Financial Accounting Standards Board's Accounting Standa…
  • FAR 52.232-12 Advance Payments.
    …or deposit only in the Contractor's special account with the ____ [insert the name of the financial institution]. None of the funds in the special account shall be mingled with other funds of the Contractor. Withdrawals from the special acc…
  • FAR 2.101 Definitions.
    …e, computer, or magnetic tape, for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an account. The term includes Automated Clearing House transfers, Fedwire transfers, and transfers made at au…
  • FAR 28.204-3 Irrevocable letter of credit.
    …agraph (f) of this subsection, and be issued/confirmed by an acceptable federally insured financial institution as provided in paragraph (g) of this subsection. (c) To draw on the ILC, the contracting officer shall use the sight draft set …
  • FAR 28.308 Self-insurance.
    …ms regarding insurance coverage for any Government property; (4) The contractor's latest financial statements; (5) Any self-insurance feasibility studies or insurance market surveys reporting comparative alternatives; (6) Loss history, p…
  • FAR 47.207-1 Qualifications of offerors.
    …ecome familiar with conditions under which and where the services will be performed. (e) Financial statement. The contracting officer shall insert the provision at 52.247-6, Financial Statement, to ensure that offerors are prepared to furn…
  • FAR 52.203-16 Preventing Personal Conflicts of Interest.
    …ublic. Personal conflict of interest means a situation in which a covered employee has a financial interest, personal activity, or relationship that could impair the employee's ability to act impartially and in the best interest of the Gov…
  • FAR 52.227-14 Rights in Data—General.
    …are. The term does not include information incidental to contract administration, such as financial, administrative, cost or pricing, or management information. Form, fit, and function data means data relating to items, components, or proc…
  • FAR 52.228-14 Irrevocable Letter of Credit.
    … credit” (ILC), as used in this clause, means a written commitment by a federally insured financial institution to pay all or part of a stated amount of money, until the expiration date of the letter, upon presentation by the Government (th…
  • FAR 52.232-32 Performance-Based Payments.
    …ct is endangered by the Contractor's (i) failure to make progress, or (ii) unsatisfactory financial condition. (3) The Contractor is delinquent in payment of any subcontractor or supplier under this contract in the ordinary course of busin…
  • DFARS 232.072-2 Appropriate information.
    (a) The contracting officer shall obtain the type and depth of financial and other information that is required to establish a contractor's financial capability or disclose a contractor's financial condition. While the contracting officer s…
  • DFARS 237.270 Acquisition of audit services.
    …d appropriate use. (2) This requirement applies to solicitations and contracts for— (i) Financial statement auditing required under 31 U.S.C. 3521(e); or (ii) Audit remediation services in support of the Financial Improvement and Audit R…
  • FAR 3.1101 Definitions.
    …sures. Personal conflict of interest means a situation in which a covered employee has a financial interest, personal activity, or relationship that could impair the employee's ability to act impartially and in the best interest of the Gov…
  • FAR 32.607-2 Deferment of collection.
    …ation with the request for deferment may be limited to an explanation of the contractor's financial condition. (2) Actions filed by contractors under the Disputes Clause shall not suspend or delay collection. (3) If there is no appeal pen…
  • FAR 37.602 Performance work statement.
    …rable performance standards; (3) Rely on the use of measurable performance standards and financial incentives in a competitive environment to encourage competitors to develop and institute innovative and cost-effective methods of performin…
  • FAR 52.216-7 Allowable Cost and Payment.
    …here the procedures have not changed from the previous year's submission). (F) Certified financial statements and other financial data (e.g., trial balance, compilation, review, etc.). (G) Management letter from outside CPAs concerning an…
  • FAR 52.227-20 Rights in Data—SBIR Program.
    …are. The term does not include information incidental to contract administration, such as financial, administrative, cost or pricing or management information. Form, fit, and function data means data relating to items, components, or proce…
  • FAR 52.232-16 Progress Payments.
    …act is endangered by the Contractor's (i) failure to make progress or (ii) unsatisfactory financial condition. (3) Inventory allocated to this contract substantially exceeds reasonable requirements. (4) The Contractor is delinquent in pay…
  • DFARS 252.232-7012 Performance-Based Payments—Whole-Contract Basis.
    …pon completion of each event. (b) In accordance with 10 U.S.C. 3802(c), the Contractor's financial statements shall be in compliance with Generally Accepted Accounting Principles in order to receive performance-based payments. (c)(1) The …
  • DFARS 252.232-7013 Performance-Based Payments—Deliverable-Item Basis.
    …pon completion of each event. (b) In accordance with 10 U.S.C. 3802(c), the Contractor's financial statements shall be in compliance with Generally Accepted Accounting Principles in order to receive performance-based payments. (c)(1) The …
  • DFARS 252.232-7015 Performance-Based Payments—Representation.
    …nts—Representation (DEC 2022) (a) In accordance with 10 U.S.C. 3802(c), the Contractor's financial statements shall be in compliance with Generally Accepted Accounting Principles in order to receive performance-based payments. (b) The Off…
  • FAR 3.1103 Procedures.
    …t might be affected by the task to which the employee has been assigned, as follows: (A) Financial interests of the covered employee, of close family members, or of other members of the covered employee's household. (B) Other employment o…
  • FAR 4.705-1 Financial and cost accounting records.
    (a) Accounts receivable invoices, adjustments to the accounts, invoice registers, carrier freight bills, shipping orders, and other documents which detail the material or services billed on the related invoices: Retain 4 years. (b) Materia…
  • FAR 31.001 Definitions.
    … the final accumulation points. Fiscal year means the accounting period for which annual financial statements are regularly prepared, generally a period of 12 months, 52 weeks, or 53 weeks. Funded pension cost means the portion of pension…
  • FAR 31.205-41 Taxes.
    …erences between taxable income and pretax income as reflected by the books of account and financial statements. (8) Any tax imposed under 26 U.S.C. 5000C. (c) Taxes on property (see subparagraph (b)(5) above) used solely in connection wit…
  • FAR 32.206 Solicitation provisions and contract clauses.
    …he contract. (3) If the security accepted by the contracting officer is the contractor's financial condition, the contracting officer shall incorporate in the clause constructed under paragraph (b)(1) of this section the following— (i) A …
  • FAR 50.103-4 Facts and evidence.
    …tor, including contemporaneous memorandums, correspondence, and affidavits. (7) Relevant financial statements, cost analyses, or other such data, preferably certified by a certified public accountant, as necessary to support the request's …
  • FAR 50.104-3 Special procedures for unusually hazardous or nuclear risks.
    …surance coverage. (iv) The controlling or limiting factors for determining the amount of financial protection the contractor is to provide and maintain, with information regarding the availability, cost, and terms of additional insurance o…
  • DFARS 232.1003-70 Criteria for use.
    In accordance with 10 U.S.C. 3802(c)(1), a contractor's financial statements shall be in compliance with Generally Accepted Accounting Principles in order to receive performance-based payments. 10 U.S.C. 3802(c)(2) specifies that it does no…
  • FAR 52.245-1 Government Property.
    …urse the Government for loss of Government property, to the extent that the Contractor is financially liable for such loss, as directed by the Contracting Officer. (5) Upon the request of the Contracting Officer, the Contractor shall, at t…
  • FAR 3.104-5 Disqualification.
    …er or employee may not be reinstated to participate in a procurement matter affecting the financial interest of someone with whom the individual is seeking employment, unless the individual receives— (i) A waiver pursuant to 18 U.S.C. 208(…
  • FAR 7.105 Contents of written acquisition plans.
    …f the requirements, uncertain duration of the work, contractor's technical capability and financial responsibility, or adequacy of the contractor's accounting system), and associated reasoning essential to support the contract type selectio…
  • FAR 15.404-2 Data to support proposal analysis.
    …to the auditor by the contracting officer. (4) General access to the offeror's books and financial records is limited to the auditor. This limitation does not preclude the contracting officer or the ACO, or their representatives, from requ…
  • FAR 15.407-1 Defective certified cost or pricing data.
    …r the clauses prescribed in 15.408(b) and (c). The Government has a continuing and direct financial interest in such payments that is unaffected by the initial agreement on prime contract price.
  • FAR 22.2105 Paid sick leave for Federal contractors and subcontractors.
    … 13.5(b)(4)). (5) Nothing in E.O. 13706 or 29 CFR part 13 requires contractors to make a financial payment to an employee for accrued paid sick leave that has not been used upon a separation from employment. If a contractor nevertheless ma…
  • FAR 31.205-33 Professional and consultant service costs.
    …ices acquired by contractors or subcontractors in order to enhance their legal, economic, financial, or technical positions. Professional and consultant services are generally acquired to obtain information, advice, opinions, alternatives, …
  • FAR 32.304-2 Certificate of eligibility.
    …ligibility, the accompanying data, and any other relevant information on the contractor's financial status and performance, to determine whether authorization of a loan guarantee would be in the Government's interest. (c) If the contractor…
  • FAR 42.302 Contract administration functions.
    … of the estimated cost under cost-reimbursement contracts. (17) Monitor the contractor's financial condition and advise the contracting officer when it jeopardizes contract performance. (18) Analyze quarterly limitation on payments statem…
  • FAR 50.103-5 Processing cases.
    …als when documentary evidence is lacking, and audits if considered necessary to establish financial or cost facts, shall be obtained from contractor and Government personnel. (b) When a case involves matters of interest to more than one Go…

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.