VBP OutSourcing Cautions Firms to Expect New, Tougher DCAA Audit Standards
Testimony by the head of the Defense Contract Audit Agency (DCAA) and a GAO report on government inefficiencies will mean closer scrutiny for government contractors, according to Veronica Eyenga, president and CEO of VBP OutSourcing, Inc.
Eyenga, whose firm specializes in accounting and marketing for firms doing business with the federal government, sees DCAA audit standards tightening in 2011. "DCAA Director Patrick Fitzgerald is highlighting the 'tightened net' that he says has already saved the taxpayers $3 billion, and DCAA has hired 500 new auditors in the last ...