Evaluating the Defense Contract Auditing Process

Abstract

The Defense Contract Audit Agency (DCAA) mission is to perform the necessary audits of contractors for DoD components responsible for the negotiation, administration, and settlement of contracts and subcontracts. In addition to making steady progress on the incurred cost backlog, the Agency also continued to conduct other audits to help contracting officers establish fair and reasonable prices and reduce the risk of contractor overpayments. Today, I would like to highlight forward pricing and incurred cost, which represent the majority of our work and where we have made significant improvements resulting in better processes, higher performance, and increased value for our customers.