PBMares Accounting Blog

Federal Acquisition Regulation on the best seller list?

Posted by Neena Shukla, CPA, CFE, CGMA, FCPA on Mar 20, 2017 8:28:00 AM

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The U.S. General Services Administration (GSA) has released the first ever iBook version of the Federal Acquisition Regulation (FAR). While the FAR may never be a best seller it is essential reading for all government contractors who might be concerned about the compliance requirements of the clauses contained in its contracts.

Using an iBook does not require internet connectivity. The FAR iBook has the same functionality that’s incorporated into every iBook, which means readers can perform searches, write notes, and highlight or save the sections they use most often. Best of all you do not have to be concerned about cost allowability –it is FREE.

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Rule changes occur as often as once a month, so a hard copy of the FAR is always out of date as soon as it is printed.  Not so with the iBook. Owners will receive a notification each time there’s an update, with the new editions downloading, free, the next time they connect to WiFi.   And the iBook is always available to download again from the cloud, should the user upgrade a tablet or phone, or delete the FAR iBook in error.

Plans are for the GSA to issue the Federal Management Regulations (FMR) and the Federal Travel Regulations (FTR) in the near future.

Topics: Government Contracts

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Neena Shukla, CPA, CFE, CGMA, FCPA

Neena is an assurance partner and government contracting niche leader at PBMares, LLP, in Fairfax. She is also the leader of the firm’s technical and emerging issues group.

For more information, please contact the author at nshukla@pbmares.com or visit: www.pbmares.com.

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