Evaluation of Defense Contract Audit Agency Sampling Initiative of Incurred Cost Proposals on Low-Risk Contractors
Abstract
The objective of our review was to determine the acceptability of the DCAA sampling initiative of incurred cost proposals for low-risk contractors with ADV of $5 million or less. Contractors are required to make annual submissions of the cost incurred on their cost-reimbursable contracts for DCAA audit or review. We performed our evaluation in two phases. We assessed the DCAA test results of sampling low-risk incurred cost proposals for audit and the adequacy of the audits. After evaluating the test results, Headquarters, DCAA, implemented guidance on the sampling initiative and desk-review procedures. In the second phase, we assessed the implementation of the guidance concerning the selection of proposals and the desk-review procedures used to close low-risk incurred cost proposals not selected for audit.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 27, 1997
- Accession Number
- ADA373888
Entities
People
- Wayne C. Berry
Organizations
- Office of the Inspector General, U.S. Department of Defense