The performance of Government contracts often requires the application of specialized audit techniques either internally-within the contractor's operations or externally such as subcontractors' cost representations. Some internal audits are intended to insure that cost data presented to the Government will be adequately supported. These audits commonly focus on such areas as the adequacy of purchasing practices and procedures and acceptability of pricing structures. A requirement for other internal audits arises when contracts are terminated, delayed, or otherwise changes. In such cases, the alteration of the contract's original terms frequently cannot be readily identified or extracted from cost records and must be developed from other sources such as analysis and must extrapolation of non-financial data from engineering and production records. Again, the intent of these audits is to insure that the data presented will be adequately supported. Specialized external audits generally focus on evaluation of subcontractors' bid proposals and audits of historical costs incurred by subcontractors under flexibly priced subcontracts and price adjustments and termination claims. The collective experience of our staff, gained through extensive experience with the Defense Contract Audit Agency and other Federal audit agencies and through performance of the firm's contracts with various Government agencies and Offices of the Inspectors General has provided us with unique capabilities to perform these and other types of specialized services for our clients.
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