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Page Title:
Defense Contract Audit Agency's Policy on the Allowability of Contractor Claims for Legal Costs Associated With Stockholder L... |
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  Appendix I
Defense Contract Audit Agency's Policy on
the Allowability of Contractor Claims for
Legal Costs Associated With Stockholder
Lawsuits
On April 13, 1995, the Defense Contract Audit Agency (DCAA) responded to
our request for information on its policy regarding the allowability of legal
costs associated with stockholder derivative lawsuits based on prior
litigation with the government. DCAA researched the allowability of these
costs and determined that there was no Federal Acquisition Regulation
(FAR) cost principle dealing specifically with them. However, because DCAA
determined that they are unallowable under the FAR cost principle for
determining reasonableness, DCAA issued the enclosed audit guidance
memorandum.
Page 6
GAO/NSIAD-95-166 Defense Contracting
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