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DFARS

DFARS

Change Number: DFARS Change 11/25/2024
Effective Date: 11/25/2024

232.1003-70 Criteria for use.

232.1003-70 Criteria for use.

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.

DFARS Parts

DFARS Appendix