Shocking Report on Audit of US Military… Reported by Reuters

According to an article from Reuters.com, an auditor has found that the U.S. Army fudged its accounts by trillions of dollars.  “The United States Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced.”  Follow the link below to read

Potential for No More DCAA Incurred Cost Audits!

There is a potential that defense government contractors will no longer see DCAA incurred cost audits beginning October 1, 2018, according to Aronson Fed Point.  A new board has been appointed for Fiscal Year 2017 to oversee cost accounting standards across all of the Department of Defense.  See the following article from Aronson Fed Point