What is the primary responsibility of a contractor auditor?

The primary responsibility of a contractor auditor is to ensure the accuracy and reliability of a contractor's financial information. This includes evaluating the contractor's financial systems and processes to confirm that they are in compliance with established regulations and contractual obligations. By submitting information on contractors' financial systems, the auditor helps to verify whether costs charged to the government are reasonable, allowable, and allocable in accordance with federal contracting guidelines.

This responsibility is critical because it underpins the integrity of the entire federal contracting process. A thorough audit ensures that taxpayer dollars are spent wisely and that contractors are held to high standards of accountability regarding their financial practices. In contrast, conducting performance reviews, preparing contract award documents, and managing workforce compliance are essential functions but do not specifically encapsulate the auditor's main focus of assessing and reporting on financial systems.