Truth in Negotiations Act Revised Dollar Threshold

The primary audit objective was to determine whether the increased threshold improved the acquisition process or resulted in any adverse risks to the Government. Specifically, the review addressed whether paperwork was reduced, whether the Government realized financial or other savings, and whether the number of contractors participating in the Defense contracting process increased. The review also determined whether the information available to contracting officers was adequate for proposals in which certified cost or pricing data were not required.