Contractors Brace For DOD Access To Audit Records

Law360, New York (January 18, 2013, 8:15 PM EST) -- While the 2013 defense bill removed draft language that would have allowed the U.S. Department of Defense to financially penalize contractors who refused to turn over internal audit reports, the law's focus on internal audits still causes contractors to worry about potential fishing expeditions that could impose new audit liabilities on companies.

Under the 2013 National Defense Authorization Act, the Defense Contract Audit Agency is required to document its requests for access and contractors' responses to its requests, which will likely make requests for access more...
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.