Recent Events
In response to prior years allegations of poor performance, the agency has gone through a recent major overhaul in how it operates. Under the new leadership of Patrick Fitzgerald, the agency is changing on a number of levels including changes in its hiring process, revamping employee training and organizing committees dedicated to promoting change in specific areas of weakness. The new training places heavy emphasis on government auditing standards of quality or Generally Accepted Government Auditing Standards (GAGAS). A new agency culture has emerged centered around critical values such as independence, quality of work, documentation, and timeliness. As a result of this new culture, companies that are subject to DCAA audits today should expect a more thorough audit that has increased audit testing and higher levels of evidence requirements. In addition, adherence to independence requirements prevents DCAA auditors from providing consulting and accounting advisory services to contractors.
Read more about this topic: Defense Contract Audit Agency
Famous quotes containing the word events:
“By many a legendary tale of violence and wrong, as well as by events which have passed before their eyes, these people have been taught to look upon white men with abhorrence.... I can sympathize with the spirit which prompts the Typee warrior to guard all the passes to his valley with the point of his levelled spear, and, standing upon the beach, with his back turned upon his green home, to hold at bay the intruding European.”
—Herman Melville (1819–1891)
“When the world was half a thousand years younger all events had much sharper outlines than now. The distance between sadness and joy, between good and bad fortune, seemed to be much greater than for us; every experience had that degree of directness and absoluteness which joy and sadness still have in the mind of a child”
—Johan Huizinga (1872–1945)