New Scheduling Letter and Itemized Listing
Approved by the OMB (Office of Management and Budget) in August 2023, the New Scheduling Letter and Itemized Listing provides an increase amount of work! The “Letter” has increased the amount of data federal contractors must submit with their desk audit submission. Much of this information that is required now, was only required if the original submission raised issues that warranted additional review. In JD Supra's review of the data, states that Item 22 requires "new detail on the contractors 41 CFR 2.17(b)(3) review of its compensation system. The regulation does not require that contractors perform a statistical analysis - even though 22(e) is written as if it does. Federal Contractors may receive the Scheduling Letter and Itemized Listing by e-mail with a read receipt--this promotes timely exchange of information---Contractors that do receive an e-mail will not receive a hard copy of the Scheduling Letter and Itemiz...