Technical Manual |
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Page 33
Not all of the procedures prescribed in this manual are applicable to every audit .
On the contrary , it is intended that the auditor select in each case only the
procedures which are appropriate and necessary in the individual circumstances
, and ...
Not all of the procedures prescribed in this manual are applicable to every audit .
On the contrary , it is intended that the auditor select in each case only the
procedures which are appropriate and necessary in the individual circumstances
, and ...
Page 38
The auditor should make full use of all factory cost reports , including those
reports which cover the operations of individual departments and cost centers . d
. Unit cost data , used to price work in process , which are statistical and not
controlled ...
The auditor should make full use of all factory cost reports , including those
reports which cover the operations of individual departments and cost centers . d
. Unit cost data , used to price work in process , which are statistical and not
controlled ...
Page 40
A representative portion of the individual entries originating from purchase
distributions should be checked with such summaries . b . A representative
number of the individual summaries examined should be checked for clerical
accuracy . c .
A representative portion of the individual entries originating from purchase
distributions should be checked with such summaries . b . A representative
number of the individual summaries examined should be checked for clerical
accuracy . c .
Page 41
A representative number of items appearing on the individual summaries should
be traced back to the underlying job tickets . d . To the extent practicable , a
representative number of job tickets should be checked with records of floor
checks ...
A representative number of items appearing on the individual summaries should
be traced back to the underlying job tickets . d . To the extent practicable , a
representative number of job tickets should be checked with records of floor
checks ...
Page 45
Other facts of importance in the individual case . SECTION II Summary of
contractor's proposed settlement and auditor's findings The following form of
presentation normally will be suitable for use in the report : Contractor's own
charges to date ...
Other facts of importance in the individual case . SECTION II Summary of
contractor's proposed settlement and auditor's findings The following form of
presentation normally will be suitable for use in the report : Contractor's own
charges to date ...
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Common terms and phrases
accordance accounting accuracy adjustment administrative allocable amount applicable appropriate approval attached audit auditor basis billed CERTIFICATE charges claims COLUMN completed computation connection consistent contracting officer contractor copy costs covering date of termination Department detail determine direct labor disposal credits distribution equipment examination Explanation extent Figure finished units Form given Government included indicated Indirect Factory Expenses individual instructions inventory inventory schedules involved less listed manual Manufacturing materials ment method necessary negotiated office review original overhead paragraph partial payments period personnel physical portion prepared presented Principles procedures profit proposed settlement purchase quantities rates reasonable received records reference representative respect Schedule settle settlement proposal sheet shown specific standard statement subcontractors submitted summary suppliers Supply Contracts supported termination Termination Notice tion Title total cost tract tractor undersigned units
Popular passages
Page 49 - ... (ii) the cost of settling and paying claims arising out of the termination of work under subcontracts or orders as provided in paragraph (b) (5) above, exclusive of the amounts paid or payable on account of supplies or materials delivered by the subcontractor prior...
Page 48 - Take such action as may be necessary, or as the Contracting Officer may direct, for the protection and preservation of the property related to this contract which is in the possession of the Contractor and in which the Government has or may acquire an interest.
Page 48 - Contracting officer, (i) the fabricated or unfabricated parts, work in process, completed work, supplies, and other material produced as a part of, or acquired in...
Page 52 - Such termination shall be effective In the manner and upon the date specified in said notice and shall be without prejudice to any claims which the Government may have against the Contractor.
Page 49 - Contractor under (1) and (2) of this paragraph (e) shall not exceed the total contract price as reduced by the amount of payments otherwise made and as further reduced by the contract price of work not terminated. Except for normal spoilage, and except to the extent that the Government shall have otherwise expressly assumed the risk of loss, there shall be excluded from the amounts payable to the...
Page 48 - The performance of work under this contract may be terminated by the Government in accordance with this clause in whole, or from time to time in part, whenever the Contracting Officer shall determine that such termination is in the best interest of the Government.
Page 48 - Settle all outstanding liabilities and all claims arising out of such termination of orders and subcontracts, with the approval or ratification of the...
Page 49 - Incurred pursuant to paragraph (b) (9); and any other reasonable cost Incidental to termination of work under this contract. Including expense incidental to the determination of the amount due to the Contractor as the result of the termination of work under this contract. The total sum to be paid to the Contractor under...
Page 49 - Government, but without duplication of any amounts agreed upon in accordance with paragraph (c), shall pay to the contractor...
Page 49 - In paragraph (b) (5) above, exclusive of the amounts paid or payable on account of supplies or materials delivered or services furnished by the subcontractor prior to the effective date of the Notice of Termination of work under this contract, which amounts shall be Included In the cost on account of which payment Is made under...
Bibliographic information
| Title | Technical Manual |
| Author | United States. War Department |
| Published | 1944 |
| Export Citation | BiBTeX EndNote RefMan |