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Proposed Audit And Accounting Guide : Audits Of Government Contractors ;Audits Of Government Contractors; Exposure Draft (American Institute Of Certified Public Accountants), 1987, Nov. 2, American Institute Of Certified Public Accountants. Government Contractors Guide Special Committee

Exposure Drafts, Comment Letters, and Statements of Position

A significant period of time has elapsed since the publication in 1975 of the Audits of Government Contractors. In the interim, the pace of change in both the government contracts process and financial reporting requirements has accelerated, thus increasing the need for further guidance. Therefore, the guide has been revised to assist independent accountants in examining and reporting on financial statements of government contractors. The government contracts environment grows more complex with the addition of each new statute and regulation, and the significant rate of change in those regulations requires constant attention and guidance to remain current. Furthermore, effective application …