Changes Afoot for NASA Incurred Cost Audits

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NASA is considering its options to address long overdue contractor costs. These options result from decreased DCAA involvement, and in turn, decreased review of Incurred Cost submissions raising the ire of the Office of the Inspector General (OIG).

According to DCAA, there are more than 19,000 proposals pending review. Approximately 1,150 of those proposals are for NASA contracts (with almost 40% preceding 2009). In an attempt to cut down on the abundance of overdue reviews for NASA, DCAA updated their practice for selecting proposals for audit. In 2012, DCAA increased the threshold for proposals that will automatically get audited from $15 …read more

Read more here:: Government Contracting

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