FAC Study Guide 2026
Everything you need to pass the FAC exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📚 FAC Topics to Study (21)
✍️ Sample FAC Questions & Answers
1. What is a key requirement under the Small Business Act for federal contracting?
The Small Business Act mandates that federal agencies set aside a certain percentage of their contracts for small businesses. This policy aims to promote economic growth, foster competition, and ensure that small businesses have a fair opportunity to participate in federal contracting, strengthening the economy.
2. What is a fundamental principle of Fraud Detection & Prevention in Federal Acquisition Certification practice?
Following established standards and best practices ensures quality and consistency in Fraud Detection & Prevention.
3. Under FAR 52.243-1, a Change Order issued under the Changes clause requires the contractor to continue performance while an equitable adjustment is being negotiated if:
When the CO issues a written Change Order, the contractor must continue performance even while an equitable adjustment is pending.
4. What is the role of documentation in Fraud Detection & Prevention for Federal Acquisition Certification?
Proper documentation in Fraud Detection & Prevention ensures accountability, traceability, and serves as a reference for future decisions.
5. Under FAR 15.306(d), during discussions the government must at minimum:
FAR 15.306(d) requires the CO to point out significant weaknesses, deficiencies, and adverse past performance references so offerors have the opportunity to address them.
6. Which document formally captures a contractor's actual performance and is used in the Past Performance Information Retrieval System (PPIRS)?
The Contractor Performance Assessment Report (CPAR) is the official record of contractor performance entered into PPIRS/CPARS.