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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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26 sections with “Financial statements”

  • 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 52.232-12 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 28.308 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 52.232-32 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…
  • 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 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 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 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 …
  • 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 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 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 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…
  • DFARS 204.7301 Definitions.
    … locations), personally identifiable information, as well as trade secrets, commercial or financial information, or other commercially sensitive information that is not customarily shared outside of the company. Controlled technical inform…
  • DFARS 252.204-7012 Safeguarding Covered Defense Information and Cyber Incident Reporting.
    … locations), personally identifiable information, as well as trade secrets, commercial or financial information, or other commercially sensitive information that is not customarily shared outside of the company. Controlled technical inform…

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.