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What minimum qualifications must the Certified Public Accountant (CPA) have to conduct the indirect cost rate (ICR) audit?

April 26, 2017audit Certified Public Accountant conduct COST CPA ICR indirect minimum qualifications rate

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What minimum qualifications must the Certified Public Accountant (CPA) have to conduct the indirect cost rate (ICR) audit?

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A. The CPA conducting the ICR audit must have a current California CPA license and must be able to substantiate that the CPA conducted the ICR audit in compliance with Generally Accepted Government Auditing Standards (http://www.gao.gov/govaud/ybk01.htm).