SOURCE MATERIAL FOR SPEECHES ON OFFICE OF THE DD/S

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-01370R000200030045-8
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 9, 2016
• Document Release Date: May 11, 2001
• Sequence Number: 45
• Publication Date: July 7, 1960
• Content Type: MF

Approved For Release 2001/09/10 : CIA-RDP80-01370R00020 030045-8
7 JULY 1960
MEMORANDUM FOR: COMPTROLLER
SUBJECT I SOURCE MATERIAL FOR SPEECHES ON OFFICE OF THE DDS
REFERENCE I MEMORANDUM TO MR. SAUNDERS FROM DDS DATED 24 JUNE 1960
QUESTION A
1. THE INDUSTRIAL CONTRACT AUDIT DIVISION 13 A MEMBER OF THE PROCUREMENT
TEAM WHICH ATTEMPTS TO PROCURE THE BEST GOODS AND SERVICES FOR THE AGENCY AT THE
MOST REASONABLE PRICES WITH EQUITY TO BOTH THE CONTRACTOR AND THE AGENCY, IN
ORDER TO RETAIN THE INDEPENDENCE NECESSARY TO PERFORM THE AUDIT FUNCTION, THE
DIVISION IS ORGANIZATIONALLY A PART OF THE OFFICE OF THE COMPTROLLER.
A. PERFORMS FIELD SURVEYS OF CONTRACTORSI INTERNAL CONTROLS AND
ACCOUNTING PRACTICES TO DETERMINE THE EXTENT TO WHICH RELIANCE MAY BE
PLACED UPON THE CONTRACTORSI CONTRACT COST DETERMINATIONS AND THE
FINANCIAL CAPABILITY OF THE CONTRACTOR TO PERFORM THE CONTRACT.
B. REVIEWS FINANCIAL AND COST DATA SUBMITTED BY CONTRACTORS IN
CONNECTION WITH CONTRACT PROPOSALS AND RENDERS ACCOUNTING COUNSEL TO
CONTRACTING OFFICERS, UPON REQUEST, IN CONNECTION WITH CONTRACT
NEGOTIATIONS.
C. PERFORMS OFFICE REVIEW OF VOUCHERS AND INVOICES SUBMITTED BY
CONTRACTORS FOR PAYMENT AND MAINTAINS CONTROL RECORDS BY CONTRACT OF
CLAIMS, WITHHOLDINGS, AUDIT ADJUSTMENTS AND AMOUNTS PAID ON CONTRACTS,
0. PERFORMS FIELD AUDITS OF ALL COST-TYPE CONTRACTS AND FIXED-
PRICE CONTRACTS CONTAINING PRICE REDETERMINATION CLAUSES AND RENDERS
ACCOUNTING COUNSEL TO CONTRACTING OFFICERS AS REQUESTED IN CONNECTION
WITH THE SETTLEMENT OF CONTRACTS.
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Approved For Release 2001%0f1? QIA-RDP80-01370R000200030045-8
 _ Approved For Relea_2001/09/10 : CIA-RDP80-01370R0002, 0030045-8
MEMORANDUM FOR: COMPTROLLER
SUBJECT SOURCE MATERIAL FOR SPEECHES ON OFFICE OF THE DDS
PAGE TWO
QUESTION B
THE MOST STRESS SHOULD BE PLACED ON PARAGRAPH 1 ABOVE.
QUESTION C
IF THE DIVISION IS DISCUSSED AT ALL, IT SHOULD BE EMPHASIZED THAT OUR
AIM IS TO ACHIEVE EQUITY TO BOTH THE CONTRACTOR AND THE AGENCY.
QUESTION D
I KNOW OF NO ADDITIONAL POINTS WHICH NEED TO BE COVERED.
Approved For Release 2001/09/10 : CIA-RDP80-0137OR000200030045-8