INSTRUCTIONS:
The paper should be between three and four double‐spaced pages typed in a 12‐point font. Assignment: Discuss the questions below (at a minimum). Do NOT limit yourself to answering only these questions. 1. What are the roles of DCMA and DCAA financial/audit departments with regard to a cost-reimbursement contract and final payment in the contract closeout process? 2. After contract completion and receipt of an accurate final invoice, what action is needed by the contracting officer to complete the closeout process? Use references below. https://www.sbir.gov/tutorials/accounting-finance/tutorial-5#:~:text=(a)%20The%20Defense%20Contract%20Management,their%20work%20for%20the%20DoD. https://www.dcma.mil/Portals/31/Documents/Policy/DCMA-MAN_2501-07_C1.pdf