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You are here: Home / Government Contracting News / DoD IG: Some Defense contract audits rely on inaccurate pricing data

December 2, 2014 By AMK

DoD IG: Some Defense contract audits rely on inaccurate pricing data

The Defense Contract Audit Agency (DCAA), which provides audit and financial advisory services to the Defense Department, hasn’t advised contracting officers on proper cost and pricing data, according to a recently released report from DoD’s inspector general.

As part of the IG’s oversight responsibility of the agency, it evaluated a cross section of 16 DCAA contract audits completed between October 2011 and February 2013.

The review included five audits of forward-pricing proposals as well as 11 audits of incurred cost proposals and other audit types, the report says. The IG identified one or more significant problems associated with 13 of the 16 audits.

Keep reading this article at: http://www.fiercegovernment.com/story/dod-ig-some-defense-contract-audits-rely-inaccurate-pricing-data/2014-11-04

Filed Under: Government Contracting News Tagged With: audit, cost and price analysis, DCAA, DoD, pricing

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