[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR42.603]

[Page 769]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 42_CONTRACT ADMINISTRATION AND AUDIT SERVICES--Table of Contents
 
        Subpart 42.6_Corporate Administrative Contracting Officer
 
Sec.  42.603  Responsibilities.

    (a) The CACO shall perform, on a corporate-wide basis, the contract 
administration functions as designated by the responsible agency. 
Typical CACO functions include (1) the determination of final indirect 
cost rates for cost-reimbursement contracts, (2) establishment of 
advance agreements or recommendations on corporate/home office expense 
allocations, and (3) administration of Cost Accounting Standards (CAS) 
applicable to corporate-level and corporate-directed accounting 
practices.
    (b) The CACO shall--
    (1) Fully utilize the responsible contract audit agency financial 
and advisory accounting services, including (i) advice regarding the 
acceptability of corporate-wide policies and (ii) advisory audit 
reports;
    (2) Keep cognizant ACO's and auditors informed of important matters 
under consideration and determinations made; and
    (3) Solicit their advice and participation as appropriate.

[48 FR 42370, Sept. 19, 1983, as amended at 63 FR 9064, Feb. 23, 1998]