The Defense Contract Audit Agency has issued a memorandum announcing revisions to the Generally Accepted Government Auditing Standards (GAGAS). Importantly, DCAA had significantly amended Chapter 5, “Quality Management Engagement Quality Reviews, and Peer Review.” The changes to Chapter 5 include a significant emphasis on audit organization leadership, the adoption of a risk-based quality management process, a shift from quality control to quality management, increased flexibility in quality management standards, and an increased emphasis on proactive and tailored monitoring.
International Development
Trending Now
Small Business Set-Asides in FY 2026: What the Data Signals for What Comes Next • Ending Discrimination in Government Contracting Act Proposes to Eliminate Preferences for 8(a) and WOSB Firms • Counsel Commentary: GSA Rolls Out New Standard AI Clause • Fixed-Price Contracting Works. But Not If the Government Outsources Ambiguity • Other Transaction Authority Agreements: Practical Guidance for Government Contractors
DCAA Memorandum – 2024 Generally Accepted Government Auditing Standards (GAGAS) Update
Nichcha | Shutterstock
Stay ahead in international development contracting with daily updates on USAID, global procurement, and foreign assistance with our Development newsletter, delivering up-to-the-minute intelligence Monday–Saturday — Subscribe here.