Section 809 Panel - Recommendation #71 - Adopt a Professional Practice Guide to Support the Contract Audit Practice of the Department of Defense (DoD) and the Independent Public Accountants DoD May Use to Meet its Contract Audit Needs, and Direct DoD to Establish a Working Group to Maintain and Update the Guide

Abstract

The Defense Contract Audit Agency provides professional services and skilled advice to Department of Defense contracting officers. With the introduction of independent public accountants (IPAs) into these oversight functions, the quality and consistency of advice contracting officers receive will depend on the quality and consistency of how oversight professionals interpret and apply foundational standards that guide their work. As written by the Section 809 Panel, the Professional Practice Guide provides information on how to interpret and apply specific auditing concepts for government contract audits to assist government auditors, private-sector auditors, contracting officers, and other stakeholders involved in the audit process.