Audit Responsibilities And Contract Closeout

Audit Responsibilities

And
Contract Closeout



A Self-Study on Contract
and Financial Assistance
Closeout and Audit Responsibilities











U.S. Department of Energy

Prepared for the
Chief Financial Officer

Financial Management
Development Program

Table of Contents


1. Introduction

About This Self-Study Guide
Target Audience
Prerequisite Knowledge and Skills
Structure
Instructions

2. Module 1 – Audit Process Cycle, Types of Awards, and Audit Requirements

Objectives

Estimate Completion Time

The Audit Process and Audit Cycle . . . . . . . . . . . . . . . . . . . . . . . . . . .2

Audit Process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2
Audit Cycle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3

Types of Audits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4

The Site Audit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Defense Contract Audit Agency. . . . . . . . . . . . . . . . . . . . . . . . .5
Desk Audit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Types of Awards and Audit Requirements. . . . . . . . . . . . . . . . . . . . . .7

Time and Materials and Labor Hour Contracts. . . . . . . . . . . . . 7
Description . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...