A good guide to how much compensation, including bonuses, is allowable is FAR 31.205-6(3), which says that compensation must be reasonable for the work performed. Keep in mind, that the burden of proof for reasonableness is on the contractor, not the government. A good rule of thumb is ...
An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient ...
16.6 Without prejudice to Clause 25 below, to the extent that the provisions of any applicable law shall impose restrictions on the extent to which liability can be excluded under these Terms relating to the requirement of reasonableness, the exclusions set out in this Clause 16 shall be limited...
An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate...
An audit also includes evaluating the appropriateness of accounting principles used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient ...