Compliance and Ethics Requirements for Federal Contractors

 
Tuesday, July 21, 2009
 
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Report Description
The current political, social, and economic climate demands increased accountability, integrity, and transparency in the way the federal government conducts business. With the passage of the American Recovery and Reinvestment Act ("ARRA"), the federal government will spend a significant amount of money contracting with private companies to complete the work outlined in the economic stimulus plan. These government contracts are subject to strict compliance and ethics requirements of the Federal Acquisition Regulations ("FAR"). The FAR was recently amended to broaden the scope of the ethics and compliance requirements of the federal regulations; impose upon federal contractors significant self-regulating measures; and mandate specific elements of an organizational internal controls system. The primary goal of these requirements is to ensure that federal contractors have the framework to prevent fraud and unethical conduct in the performance of government contracts. In this "Special Report", members of the Jackson Lewis Corporate Governance Group provide an overview of newly issued government requirements mandating the development of compliance and ethics programs.

For More Information Contact
Name: David Jimenez
Company: Jackson Lewis LLP
Phone: (860) 522-0404
Email: [email protected]
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