42.302  Contract administration functions.

15. Amend section 42.302 by--

a. Removing from the introductory text of paragraph (a) the words "paragraphs (a)(5), (a)(9), and (a)(11)" and adding the words "paragraphs (a)(5), (a)(9), (a)(11), and (a)(12)" in their place;

b. Redesignating paragraphs (a)(12) through (a)(26) as paragraphs (a)(13) through (a)(27); and

c. Adding a new paragraph (a)(12) to read as follows:

42.302  Contract administration functions.

(a) * * *

(12) Determine the adequacy of the contractor's accounting system. The contractor's accounting system should be adequate during the entire period of contract performance. The adequacy of the contractor's accounting system and its associated internal control system, as well as contractor compliance with the Cost Accounting Standards (CAS), affect the quality and validity of the contractor data upon which the Government must rely for its management oversight of the contractor and contract performance.

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