The hearing will examine how federal agencies use contract audits to detect and prevent waste, fraud, and abuse in government contracts. In particular, the hearing will review the findings of the Subcommittee’s ongoing investigation of the type and number of contract audits at federal agencies. The hearing will also examine the role played by the Defense Contract Audit Agency (DCAA) in performing contract audits for agencies other than the Defense Department.As you might recall, this is the Senator who in a previous hearing called the deficiencies disclosed in DCAA audits "capital crimes" and tweeted "the top of my head is about to pop off". It wouldn't surprise us if there will be more quotable moments at this hearing.
If you would like to watch the hearing live, follow this link. Its starts at 2:30 PM (East Coast Time).
On a somewhat related note, contractors are now complaining that DCAA has gotten too strict. If you missed the recent Washington Post article, follow this link. The gist of the article is that DCAA is increasing its levels of transaction testing and contractors are spending more time and effort to be responsive to those queries.