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PLRD-82-105 1 (1982-07-28)

handle is hein.gao/gaobabmqz0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE -7S WASHINGTON, D.C. 20548 PWU , LMLF f 1-NT. LOGISTICS. ANC RE4DNESS DIVISION July 28, 1982 E- 198620 Charles 0. Starrett, Jr.11111I1111 Director, Defense Contract Audit Agency 119781 Cameron Station Alexandria, VA. 22314 Dear Mr. Starrett: Subject: -DCAA Audits of Contractor Compliance With Cost Accounting Standards (GAO/PLRD-82-105) This report summarizes the results of our review of Defense Contract Audit Agency (DCAA) audit efforts to determine contractor compliance with Cost Accounting Standards (CAS). Over the past several months, the General Accounting Office, in keeping with its oversight responsibilities, has been con- ducting several reviews relating to CAS and will continue to do so. These reviews will focus on Federal agencies responsible for imple- menting CAS-covered contracts, DCAA, and Government contractors subject to CAS. Our earlier report Agency Implementation of Cost Accounting Standards: Generally Good But More Training Needed (PLRD-82-51), issued March 25, 1982, provided the results of our review of Federal agencies responsible for implementing CAS-covered contracts. Originally, the objective of this review was to determine whether Government contractors were complying with the Cost Account- ing Standards, Rules, and Regulations promulgated by the CAS Board under Public Law 91-379. The Board promulgated 19 standards. We concentrated on two groups of standards: those dealing with fixed assets (Standards 404, 409, 414, and 417); and those dealing with general and administrative expenses (Standards 403, 410, and 420). These two groups were selected because of interest from the Congress, the Department of Defense, and the defense industry. However, after our initial meeting with DCAA, it was agreed that since DCAA is responsible for monitoring contractor CAS com- oliance, we would review DCAA's audit procedures and records to determine if this system would provide the confidence GAO needed (942057)

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