This section addresses topics including, Types of Audits and Interacting With Auditors
Lets first look at some basic items of interest and concern to the DCAA:
General Audit Interests
- All activities related to proposed or incurred costs of government contracts
- Financial Policies, Procedures, and Internal Controls
- Opportunities for contractors to reduce or avoid costs
- Contractor Compliance
- Contractor Self Governance
Major Areas of Concern
- Accuracy and reasonableness of cost representations
- Financial capability
- Policies and procedures
- Contractual provisions having significance
- Internal control systems
- Management policies
More here on why they matter!