603.640—Audits of for-profit participants.
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 ;
(d)
Other matters described in § 603.660, such as audit coverage, allowability of audit costs, auditing standards, and remedies for noncompliance.