Report: Lack of DOD audits costs $249M a year

12/10/2012 | Aerospace Daily & Defense Report

A new report from the Defense Department inspector general says that the Pentagon and taxpayers will lose $249.1 million annually because of a decision not to have the Defense Contract Audit Agency perform audits on certain contracts. The report urges the department to make changes that include requiring audits on lower dollar-value programs.

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