Accession Number : ADA310054

Title :   Program Objective Memorandum (POM), Fiscal Years 1998-2003.

Corporate Author : DEFENSE CONTRACT AUDIT AGENCY ALEXANDRIA VA

PDF Url : ADA310054

Report Date : 24 MAY 1996

Pagination or Media Count : 17

Abstract : The Defense Contract Audit Agency (DCAA) is a worldwide single mission Agency responsible for assisting Department of Defense (DoD) acquisition authorities in achieving sound contract pricing by evaluating contractor forward pricing proposals, providing contracting officers with accounting and financial advisory services useful to 'could cost' and 'should cost' assessments and negotiations, verifying the propriety and acceptability of costs charged by contractors to flexibly priced Government contracts, and deterring contractors' inefficient practices which, if not detected and corrected, could lead to excessive costs and contract prices. DCAA's workload originates primarily from the effort required to audit and monitor DoD acquisitions of equipment, materials, and/or services from civilian contractors and universities by the expenditure of Procurement, and Research, Development, Test and Evaluation (RDT&E) fluids appropriated by Congress each year. Other factors affecting contract audit workload are (1) DoD procurement policies, (2) the implementation of existing Cost Accounting Standards (PL 91-379), (3) audits performed for the military departments in connection with the Foreign Military Sales (FMS) Program, (4) the increased interest by DoD officials and the Congress in the nature of costs charged to defense contracts, (5) audits for economy and efficiency, (6) Compensation System Reviews (CSRs), and (7) requests for contract audit support from the Defense Procurement Fraud Unit and U.S. attorneys during the conduct of investigations and prosecution of perpetrators of contract fraud.

Descriptors :   *FINANCIAL MANAGEMENT, *CONTRACT ADMINISTRATION, *AUDITING, TEST AND EVALUATION, CONGRESS, DEPARTMENT OF DEFENSE, FORWARD AREAS, POLICIES, ACQUISITION, CONTRACTS, DEFENSE SYSTEMS, ACCOUNTING, COST ANALYSIS, CONTRACTORS, COSTS, MISSIONS, SOUND, PROCUREMENT, STANDARDS, UNIVERSITIES, CIVILIAN PERSONNEL, WORKLOAD, COMPENSATION, ACCEPTABILITY, ADVISORY ACTIVITIES, NEGOTIATIONS, FOREIGN MILITARY SALES, ATTORNEYS.

Subject Categories : Administration and Management
      Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE