UPDATE! Proposed Business System Rule – Industry Reactions

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In response to the proposed business system rule issued on July 15, 2014 by the Department of Defense, a public meeting was held on August 18, 2014 giving industry the opportunity to respond to the rule. The meeting drew in comments surrounding significant concern on whether the DCAA would perform their own audit procedures in addition to the Independent Certified Public Accountant (CPA) audit procedures. While the DCAA has not yet determined the logistics related to the steps involved with the audit process, the DCAA discussed that there would not be a formal audit program …read more

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