DCAA provided a Memorandum for Regional Directors (MRD) to its auditors on applying materiality to incurred cost audits.
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DCAA provided a Memorandum for Regional Directors (MRD) to its auditors on applying materiality to incurred cost audits. The memorandum provides guidance that addresses the need to establish quantitative and qualitative factors impacting an audit’s materiality. The guidance should result in greater consistency across DCAA in treating findings as material.