DCAA Updates the Contract Audit Manual — Changed Sections Require Continued Compliance
DCAA has updated sections of the Contract Audit Manual (CAM) through September 1, 2010. The CAM provides technical assistance and procedures that are followed by the DCAA, for audits of government contractors. The CAM is available to assist contractors with requirements and procedures that should be implemented to meet DCAA audit standards. The following areas of the CAM have changed: Introduction to Contract Audit, Incurred Costs Audit Procedures, Audit of Policies, Procedures and Internal Controls relative to Accounting and Management Systems Cost Accounting Standards, Technical Special Assistance and the Preparation and Distribution of Audit Reports. Compliance with these specific areas is a necessity of any government contractor doing business with the Federal government. If questions arise regarding CAM or your company’s compliance with its standards please contact Aronson & Company’s Government Contracts Solutions Group.
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