Audit committee requirements
Audit committee requirements in Defense & Government Contracting sit at the intersection of public company governance rules and federal procurement accountability, with the U.S. Securities and Exchange Commission, the Defense Contract Audit Agency, and the Public Company Accounting Oversight Board each holding distinct authority over how oversight bodies are structured and what they must certify. The SEC's Rule 10A-3 sets baseline independence and charter requirements for listed defense contractors, while DCAA audit access standards layer additional expectations on top for companies holding cost-type government contracts. Compliance teams in this sector are not managing one framework; they are reconciling at least two.
Watch
- DCAA access-to-records policy shifts affecting audit committee oversight responsibilities
- SEC Rule 10A-3 enforcement actions against defense-sector audit committee independence violations
- PCAOB inspection findings at auditors with significant defense contractor client bases
- FAR Part 42 audit coordination requirements and how they interact with board-level oversight charters
Recent material activity in Defense & Government Contracting
Active monitoring in place across Defense & Government Contracting. Material developments related to audit committee requirements will appear here as they are published.