DCAA’s memo intends to clarify agency guidance on evaluating a contractor’s compliance with applicable Cost Accounts Standards. The guidance reminds auditors they are to consider a contractor’s compliance with CAS during performance of all routine audit assignments such as proposal and incurred cost reviews. In addition, DCAA is to perform an audit of all applicable standards once every three years with the exception of CAS 401, 402, 405 and 406. The extent of substantive testing during any of these audits are to be based on risk and materiality of affected costs.
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