The Defense Contract Audit Agency (DCAA) provides auditing, accounting, and financial advisory services in connection with DoD and other fed. agency contracts and subcontracts. DCAA follows generally accepted govAit. auditing standards (GAGAS). These standards provide guidelines to help govAit. auditors maintain competence, integrity, objectivity, and independence in their work. This report investigated complaints related to alleged failures to comply with GAGAS on 14 DCAA audits. Specifically, it was alleged that: (1) working papers did not support reported opinions; (2) supervisors dropped findings and changed audit opinions without adequate evidence; and (3) sufficient work was not performed to support audit conclusions and opinions. Illus.the working paper evidence and documentation to support the final audit conclusions in several of the assignments we investigated. ... types of attestation engagements (assessments of contractor controls and compliance with CAS) be supported by sufficient testing and workpaper documentation. ... For example, DCAA officials did not agree that the audit in Case 1 was based on an up-front agreement.
|Author||:||Gregory D. Kutz|
|Publisher||:||DIANE Publishing - 2009-02-01|