Effective immediately, for the purposes of satisfying the audit requirements at FAR 4.804-5(a)(12), 42.705-l(b)(2), and 42.705-2(b)(2)(i), Department of Defense contracting officers shall continue to rely on either a DCAA audit report or a DCAA memorandum documenting that, based on a risk assessment and a proposal adequacy evaluation pursuant to FAR 42.705-1(b)(1)(iii), DCAA deemed the incurred cost proposal to be low-risk and did not select it for further audit in accordance with the attached DCAA Policy dated July 6, 2012.
This DCAA policy represents a continuation of a risk-based sampling process in use since 1994. It remains a prudent use of resources and contains adequate safeguards against unacceptable risk, while still ensuring that the contracting officer will have all the information needed for contract closeout.
This deviation remains in effect until it is incorporated into the FAR or DFARS or is otherwise rescinded.
|Effective Date:||July 24, 2012 (9 years ago)|
|Expire Date:||None Given|