What conclusion is typically made regarding the final cost of the contract through a contract audit?

The conclusion regarding the final cost of the contract typically relies on the audit assistance provided by the Defense Contract Audit Agency (DCAA). This agency conducts thorough audits to examine and verify the costs incurred by contractors under government contracts. Their role is to ensure compliance with applicable regulations and contractual terms, particularly in situations where costs need to be justified.

The DCAA's audits often provide an objective evaluation of the costs, assessing the accuracy and appropriateness of expenses claimed by the contractor. This assessment is critical in determining the final allowable costs that can be charged to the government, ensuring accountability and transparency.

While internal reviews or third-party certifications may play a role in the process, the DCAA's involvement is key as they are specifically equipped to handle audits related to federal contracts. Their findings can greatly influence the final cost determination, making their contribution integral to achieving a clear and accurate conclusion regarding contract finances.