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Assignment: Explain the use and application of a contract audit.
Research the library and locate two or more articles that explain the purpose of contract audits and how contract audits are performed.
Discuss why contract audits are helpful in pre-contract, during a contract, and post contract phases.
Scan the GSA website https://www.acquisition.gov/browse/gsam/542/3?&searchTerms=contract+audit..
Pick a topic of interest from the table of contents and summarize how that topic supports reasons discovered for why contract audits are helpful.
Contract Management Book of Knowledge (CMBOK) defines contact audits in the following way: The evaluation of the accuracy and propriety of the contractor’s cost representations and claims by the review and analysis of contractors’ and subcontractors’ policies, systems, and controls. Includes an examination of books, accounts, basic records, and operations. (p. 152)
â€¢ Written communication is free of errors that detract from the overall message.
â€¢ APA formatting: formatted according to APA (6th edition) style guide.
â€¢ Length of paper: typed, double-spaced pages with no less than a three-page paper.
â€¢ Font and font size: Times New Roman, 12 point.