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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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23 sections with “accounting system and controls”

  • DFARS 252.242-7004 Material Management and Accounting System.
    As prescribed in 242.7204, use the following clause: Material Management and Accounting System (Jan 2025) (a) Definitions. As used in this clause— Acceptable material management and accounting system means a material management and accou…
  • FAR 32.503-3 Initiation of progress payments and review of accounting system.
    …eliable, competent, and capable of satisfactory performance, (2) possessed of an adequate accounting system and controls, and (3) in sound financial condition, progress payments in amounts requested by the contractor should be approved as a…
  • DFARS 252.242-7006 Accounting System Administration.
    As prescribed in 242.7503, use the following clause: Accounting System Administration (Jan 2025) (a) Definitions. As used in this clause— Acceptable accounting system means a system that complies with the system criteria in paragraph (c)…
  • FAR 2.101 Definitions.
    …ment, logistics management, project monitoring and reporting, data collection, budgeting, accounting, performance auditing, and administrative technical support for conferences and training programs. (2) Studies, analyses and evaluations, …
  • FAR 52.232-16 Progress Payments.
    … reasonable, allocable to this contract, and consistent with sound and generally accepted accounting principles and practices. (ii) Costs incurred by subcontractors or suppliers. (iii) Costs ordinarily capitalized and subject to depreciat…
  • DFARS 209.104-1 General standards.
    …ts based on costs or on a percentage or stage of completion, the prospective contractor's accounting system and related internal controls must provide reasonable assurance that— (i) Applicable laws and regulations are complied with; (ii) …
  • DFARS 242.7501 Definitions.
    As used in this subpart— Acceptable accounting system means a system that complies with the system criteria in paragraph (c) of the clause at 252.242-7006, Accounting System Administration, to provide reasonable assurance that— (1) Applic…
  • FAR 9.104-1 General standards.
    …thics (for example, see subpart 42.15); (e) Have the necessary organization, experience, accounting and operational controls, and technical skills, or the ability to obtain them (including, as appropriate, such elements as production contr…
  • FAR 32.503-2 Supervision of progress payments.
    … quality of management, and financial strength, and with the adequacy of the contractor's accounting system and controls. Supervision shall be of a kind and degree sufficient to provide timely knowledge of the need for, and timely opportuni…
  • FAR 32.503-4 Approval of progress payment requests.
    (a) When the reliability of the contractor and the adequacy of the contractor's accounting system and controls have been established (see 32.503-3 above) the ACO may, in approving any particular progress payment request (including initial r…
  • FAR 32.503-5 Administration of progress payments.
    …ay, in approving progress payment requests under 32.503-3 above, rely on the contractor's accounting system and certification without prepayment review, postpayment reviews (including audits when considered necessary) shall be made periodic…
  • FAR 32.503-6 Suspension or reduction of payments.
    …ents of the contract. This includes the requirement to maintain an efficient and reliable accounting system and controls, adequate for the proper administration of progress payments. If the system or controls are deemed inadequate, progress…
  • FAR 52.212-3 Offeror Representations and Certifications—Commercial Products and Commercial Services.
    …sible Web site the results of a greenhouse gas inventory, performed in accordance with an accounting standard with publicly available and consistently applied criteria, such as the Greenhouse Gas Protocol Corporate Standard. (ii) The Offer…
  • DFARS 252.244-7001 Contractor Purchasing System Administration.
    … (a) through (f) of this clause do not apply unless the Contractor is subject to the Cost Accounting Standards under 41 U.S.C. chapter 15, as implemented in regulations found at 48 CFR 9903.201-1. (a) Definitions. As used in this clause— …
  • FAR 32.408 Application for advance payments.
    …s subparagraph (6) to information on the contractor's reliability, technical ability, and accounting system and controls.
  • FAR 52.232-13 Notice of Progress Payments.
    …ncluded in the contract, the clause shall be inoperative during any time the contractor's accounting system and controls are determined by the Government to be inadequate for segregation and accumulation of contract costs. (End of provisio…
  • DFARS 252.232-7016 Notice of Progress Payments or Performance-Based Payments.
    …ncluded in the contract, the clause shall be inoperative during any time the contractor's accounting system and controls are determined by the Government to be inadequate for segregation and accumulation of contract costs. (End of provisio…
  • DFARS 253.209-1 Responsible prospective contractors.
    …adequate financial resources to obtain needed facilities, equipment, materials, etc. (E) Accounting system and related internal controls. An assessment by the auditor of the adequacy of the prospective contractor's accounting system and re…
  • FAR 52.245-1 Government Property.
    …erived from the Contractor's records that reflect consistently applied generally accepted accounting principles. (b) Property management. (1) The Contractor shall have a system of internal controls to manage (control, use, preserve, protec…
  • FAR 7.105 Contents of written acquisition plans.
    …ctor's technical capability and financial responsibility, or adequacy of the contractor's accounting system), and associated reasoning essential to support the contract type selection. The contracting officer shall ensure that requirements …
  • FAR 16.301-3 Limitations.
    …proved and signed at least one level above the contracting officer; (3) The contractor's accounting system is adequate for determining costs applicable to the contract or order; and (4) Prior to award of the contract or order, adequate Go…
  • FAR 32.503 Postaward matters.
    …lude taking actions discussed here before award, if appropriate; e.g., preaward review of accounting systems and controls.
  • FAR 42.709-6 Waiver of the penalty.
    …y participation in the Department of Defense sponsored self-governance programs, specific accounting controls over indirect costs, compliance tests which demonstrate that the controls are effective, and Government audits which have not disc…

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.