[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR42.603]



[Page 793]

 

            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]