DCAA issued an MRD on August 27, 2015, “Revised Checklist for Determining Adequacy of Contractor Incurred Cost Proposal.” The purpose of the MRD is to revise the adequacy checklist so as to have clearer defined guidelines in determining if the proposal is adequate enough to audit. It’s no longer about making sure you can check all the boxes as adequate.
The change to the ICS proposal adequacy review is to make an initial decision on whether the proposal is auditable and help the audit team determine whether to accept or decline the engagement. If the audit …read more
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