DCAA provides a wide variety of products and services to contracting officers:

Preaward Contract Audit Services

Price Proposals
Preaward Surveys
Forward Pricing Labor & Overhead Rates

Postaward Contract Audit Services

Incurred Costs/Annual Overhead Rates
Truth in Negotiation Act Compliance
CAS (Cost Accounting Standards) Compliance & Adequacy
Claims
Financial Capability

Contractor Internal Control System Audits

Accounting
Estimating
EDP (Electronic Data Processing)
Compensation
Billing
Budgeting
Material Management
Labor
Purchasing
Indirect and Other Direct Cost

In addition to performing formal audit activities, Agency auditors provide -

Negotiation Assistance, including:

Factfinding and analysis of contractor information after audit.
Procurement liaison assistance.

In FY 2004, DCAA audited 10,299 pricing proposals with a total dollar value of $148.2 billion. We audited incurred costs and special audits during that same period of $112.7 billion. Approximately $2.1 billion in net savings were reported during the year. When compared to the $428.0 million expended for the Agency's operations, the return on taxpayers' investment in DCAA was $5.00 for each dollar invested.