Code of Federal Regulations · Section

§ 232.1003-70 — 232.1003-70 Criteria For Use

48 C.F.R. § 232.1003-70

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In accordance with 10 U.S.C. 3802(c)(1), a contractor's financial statements shall be in compliance with Generally Accepted Accounting Principles in order to receive performance-based payments. 10 U.S.C. 3802(c)(2) specifies that it does not grant the Defense Contract Audit Agency the authority to audit compliance with Generally Accepted Accounting Principles.

48 C.F.R. § 232.1004 48 C.F.R. § 232.1005-70

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