How will it impact your company?
DCAA published its annual report to Congress regarding activities in Fiscal Year (FY) 2016. The report identifies DCAA’s business system initiative and states, “in recent years, DCAA has focused its limited resources primarily on high-risk forward pricing and incurred cost audits, and, as a result, we performed few business system audits”1. In FYs 2015-2016 DCAA began an initiative for auditing high-risk MMAS and Estimating Systems. In FY 2016, DCAA conducted twenty-one of these audits and issued a total of six reports.