10 C.F.R. § 603.640 Audits of for-profit participants.
Title 10 - Energy
If the TIA is an expenditure-based award, the contracting officer must include in it an audit provision that addresses, for each for-profit participant: (a) Whether the for-profit participant must have periodic audits, in addition to any award-specific audits, as described in §603.645; (b) Whether the Defense Contract Audit Agency (DCAA) or an independent public accountant (IPA) will perform required audits, as discussed in §603.650; (c) How frequently any periodic audits are to be performed, addressed in §603.655; and (d) Other matters described in §603.660, such as audit coverage, allowability of audit costs, auditing standards, and remedies for noncompliance.
Title 10: Energy
PART 603—TECHNOLOGY INVESTMENT AGREEMENTS
Subpart F—Award Terms Affecting Participants' Financial, Property, and Purchasing Systems
Financial Matters
§ 603.640 Audits of for-profit participants.
