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DCAA's audit authority.(REQUIRED READING)(Defense Contract Audit Agency )

Business Credit

| May 01, 2006 | Ford, John N. | COPYRIGHT 2006 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Recently, a Government Business Group (GBG) client received a "request from the Defense Contract Audit Agency (DCAA) that the client prepare contract briefs on several time-and-materials (T&M) subcontracts in order for DCAA to conduct an incurred cost audit of the client. As a result of the advice our firm provided to the client, DCAA retreated from its request, relieving the client from a substantial burden. Based upon this experience, we believe it is important for government contractors that are audited by DCAA to have some knowledge concerning the basic audit rights DCAA has.

In accordance with its charter, DoD Directive 5105.36, DCAA is responsible for ...

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Source: HighBeam Research, DCAA's audit authority.(REQUIRED READING)(Defense Contract Audit...

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