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Search Tags: DCAA
The contract management agency has added staff in recent years and sought a pivot in strategy, the GAO found. But DCMA still faces issues, such as contingency contracting and its reliance on DCAA, that impact its ability to meet its mission, GAO's John Hutton said on In Depth with Francis Rose.
The Defense Department may be in increasing danger of not knowing whether it's paying contractors a fair price. A rising backlog is crippling the Defense Contract Audit Agency.
New changes to the Defense Federal Acquisition Regulation Supplement rules for contractor business systems are now in effect. Under the new rules, the government will withhold five percent of a contractor's payment if any of the company's business systems are found to be "deficient" by the Defense Contract Audit Agency. Brian Waagner, a partner at Husch Backwell, joined In Depth with Francis Rose to discuss the changes and how they affect contractors.
Bill Woods, the director of acquisition and sourcing management issues at GAO, directed a team that reviewed seven defense companies and their internal audit processes. He joined In Depth with Francis Rose to discuss the findings of the report.
GAO says that DCAA should come up with a plan that would allow them to have access to Defense companies' audits.
The Pentagon faces an uphill climb in getting ready for an audit of its consolidated financial statements by 2017, outside experts said Thursday. Nonetheless, the goal is achievable if the push is sustained by future secretaries of Defense.
Tags: DoD , management , financial management , DISA , DFAS , Army Corps of Engineers , JoAnn Boutelle , Mark Keeley , Tracy Porter , Deloitte , Grant Thornton , PricewaterhouseCoopers , audit readiness , Jared Serbu
The Defense Department said it intends to not just rebuild its acquisition workforce in numbers, but also make sure those employees have access to new tools that will give them the insight they need to make good decisions.
Learn more about the 15th annual Government Contractor Survey from Grant Thorton.
The Pentagon has set up a new subcommittee to review its processes, policies and practices for how it audits and administers contractor purchasing, billing, estimating and accounting systems. This DoD-only panel will develop recommendations and an action plan in the next six months. DCAA says about 69 of the top 100 Defense contractors have at least one deficient business system.
Tags: contracting , mngt , Shay Assad , April Stephenson , Mike Conaway , Rob Andrews , Greg Kutz , DoD , GAO , House Armed Services Committee acquisition panel , contract audits , Billing systems , improper payments
DoD inspector general finds continued audit quality problems. Senate committee says making DCAA independent should be considered.
Tags: contracting , Robert Hale , April Stephenson , Greg Kutz , Sen. Joseph Lieberman , Sen. Susan Collins , Sen. Tom Coburn , Gordon Heddell , DoD , Senate Homeland Security and Government Affairs Co , GAO , inspector general , contract audits , Acquisition reform