Section 820 of the National Defense Authorization Act for Fiscal Year 2017, Pub. L. No. 114-238, 130 Stat. 2000 (NDAA), makes three significant changes to the federal government’s future use of cost accounting standards (CAS).
- First, it empowers contractors to avoid Defense Contract Audit Agency (DCAA) audits by employing private auditors to audit their rates.
- Next, it creates a new and independent Defense Cost Accounting Standards (DCAS) Board to oversee cost accounting standards across the Department of Defense (DoD).
- Finally, it provides direction to the federal government’s existing CAS Board.
For details, keep reading this article at: https://www.insidegovernmentcontracts.com/2017/03/2017-ndaas-impact-on-audits-and-cost-accounting-standards/
