Assessing DCAA’s Access To Internal Audits

Law360, New York (February 7, 2012, 12:45 PM EST) -- In a recent report, No. GAO-12-88 issued by the U.S. Government Accountability Office in December 2011, the GAO was asked to assess the role of the defense companies’ internal audit departments and their ability to provide the Defense Contract Audit Agency with information on their internal controls. The DCAA has a critical role in contract oversight including business systems reviews intended to provide reasonable assurance that defense companies’ policies safeguard assets and comply with contract terms and conditions.

Defense companies also maintain internal audit departments to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.