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action activities addition areas Army ASPR assigned Assistant Secretary audit function auditors basis believed Board changes Committee complete Comptroller concerning considerable considered consolidation continued contract administration Contract Audit Agency contract price contracting officers contractors coordination DCAA DCAA's DCAS decision defective pricing Defense Contract Audit Department of Defense Deputy determine direct Director discussed early effective effort established evaluation extent FAOs field final findings function Government Headquarters implementation improve independent industry initial inspection interest internal involved issued major March matters Meeting military departments negotiation operations organizations performance personnel position practices presented price proposals pricing data principles problems procedures procurement proposals Public Law reason recommendations records regional regulations representatives requests responsibility result revised Secretary of Defense selected Senate staff submitted surveys task termination uniform
Page 5 - STUDIES serve for delight, for ornament, and for ability. Their chief use for delight, is in privateness and retiring ; for ornament, is in discourse ; and for ability, is in the judgment and disposition of business. For expert men can execute, and perhaps judge of particulars, one by one ; but the general counsels, and the plots and marshalling of affairs, come best from those that are learned.
Page 15 - Act shall include a clause to the effect that the Comptroller General of the United States or any of his duly authorized representatives shall, until the expiration of three years after final payment, have access to and the right to examine any directly pertinent books, documents, papers, and records of the contractor or any of his subcontractors engaged in the performance of and...
Page 14 - Act, but any subdivision of any contract or subcontract involving an amount in excess of $10,000 shall be subject to the conditions herein prescribed.
Page 10 - Acceptability of incurred costs and estimates of cost to be incurred as represented by contractors incident to the award, negotiation, modification, change, administration, termination, or settlement of contracts. "3. Adequacy of financial or accounting aspects of contract provisions. "4. Adequacy of contractors' accounting and financial management systems, adequacy of contractors' estimating procedures and adequacy of property controls.
Page 15 - The President may authorize any department or agency of the Government exercising functions in connection with the prosecution of the war effort, in accordance with regulations prescribed by the President for the protection of the interests of the Government, to enter into contracts and into amendments or modifications of contracts heretofore or hereafter made and to make advance, progress, and other payments thereon...
Page 15 - ... a clause to the effect that the Comptroller General of the United States or any of his duly authorized representatives shall, until the expiration of three years after final payment, have access to and the right to examine any directly pertinent books, documents, papers, and records of the contractor or any of his subcontractors engaged in the performance of, and involving transactions related to such contracts or subcontracts...
Page 10 - The purpose of contract audit is to assist in achieving the objective of prudent contracting by providing those responsible for procurement and contract administration with financial information and advice on proposed or existing contracts and contractors, as appropriate.
Page 10 - Audit, examine and/or review contractors' and subcontractors' accounts, records, documents, and other evidence; systems of internal control; accounting, costing, and general business practices and procedures; to the extent and in whatever manner is considered necessary to permit proper performance of the other functions described in B through J below.
Page 13 - As a result of this testimony, an amendment was made to the hill which provided that the Comptroller General, in cooperation with the Secretary of Defense and the Director of the Bureau of the Budget, shall : "* * * undertake a study to determine the feasibility of applying uniform cost accounting standards to be used in all negotiated prime contract and subcontract defense procurements of $100,000 or more.
Page 15 - USC 310 (1)) (giving the Government the right to inspect the plant and audit the books of certain Contractors), shall apply to the plant, books, and records of any contractor with whom a defense contract has been placed at any time after the declaration of emergency on September 8, 1939, and before the termination of the present war: Provided, That, for the purpose of this title, the term "defense contract...