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DCAA Issues Guidance on Access to Contractor Internal Audit Reports

Client Alert | 1 min read | 08.24.12

In response to a December 2011 GAO report that criticized the DCAA for the number of requests for internal company audit reports it made, DCAA issued new audit guidance on August 14. The new guidance requires auditors at major contractor locations to "establish a process and a central point of contact to obtain and monitor DCAA's access to and use of internal audits," which includes "a method for tracking requests for internal audit reports and working papers, when needed, and the contractor's disposition of these requests" and states that auditors will commence "Access to Records" procedures when access to internal audit reports is denied by the contractor.

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Client Alert | 8 min read | 09.08.26

Saxon Woods Investments Limited v Costa [2026] UKSC 21: Good Faith in the Boardroom

The UK Supreme Court has unanimously dismissed the appeal of Mr Francesco Costa, former chairman of Spring Media Investments Limited, in the first Supreme Court judgment to consider the scope of the duty under section 172(1) of the Companies Act 2006. The foundational position is that good faith requires honest conduct as well as honest thinking. A director's genuine belief that they are acting in the company's best interests will not excuse covert or disloyal conduct in pursuit of that belief. ...