Section 809 Panel - Recommendation #72 - Replace 18 System Criteria from Defense Federal Acquisition Regulation Supplement 252.242-7006, Accounting System Administration, with an Internal Control Audit to Assess the Adequacy of Contractor's Accounting Systems Based on Seven System Criteria

Abstract

The Department of Defense DoD) is not obtaining timely assurance that internal controls for defense contractor's accounting systems are properly designed and functioning. Ensuring effective internal controls is one of the most efficient ways to protect the government's interest, reduce risk, and improve performance. DoD should embrace an internal control framework for accounting system audits.