Please use this identifier to cite or link to this item:
https://dair.nps.edu/handle/123456789/3649
Title: | Section 809 Panel - Recommendation #73 - Revise the definition of business system deficiencies to more closely align with generally accepted auditing standards |
Other Titles: | Section 809 Panel - Recommendation #73 |
Authors: | Section 809 Panel |
Keywords: | Contractor Business System Significant Deficiency Material Weakness Audit Process Section 809 Panel Fiscal Year 2011 National Defense Authorization Act Defense Federal Acquisition Regulation Supplement (DFARS) Simplify Acquisition |
Issue Date: | 15-Jan-2019 |
Publisher: | Section 809 Panel |
Citation: | Unlimited Distribution |
Series/Report no.: | Simplified Acquisition SEC809-SMP-19-0011 |
Abstract: | The definition of the term significant deficiency for contractor business systems in Section 893 of the Fiscal Year 2011 National Defense Authorization Act (NDAA) and the Defense Federal Acquisition Regulation Supplement (DFARS) does not align with generally accepted auditing standards for evaluating and reporting on internal control deficiencies. This lack of consistency creates confusion regarding the identification, severity, meaning, and resolution of deficiencies. The term significant deficiency and its definition need to be stricken and replaced with the term material weakness. |
URI: | https://dair.nps.edu/handle/123456789/3649 |
Appears in Collections: | Section 809 Panel: Reports, Recommendations & Resource Library |
Files in This Item:
File | Size | Format | |
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SEC809-SMP-19-0011.pdf | 864.99 kB | Adobe PDF | View/Open |
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