{"data":{"id":"us/48-cfr-42.603","jurisdiction":"us","citation":"48 CFR 42.603","heading":"42.603 Responsibilities.","body":"(a) The CACO shall perform, on a corporate-wide basis, the contract administration functions as designated by the responsible agency. Typical CACO functions include (1) the determination of final indirect cost rates for cost-reimbursement contracts, (2) establishment of advance agreements or recommendations on corporate/home office expense allocations, and (3) administration of Cost Accounting Standards (CAS) applicable to corporate-level and corporate-directed accounting practices.\n(b) The CACO shall—\n(1) Fully utilize the responsible contract audit agency financial and advisory accounting services, including (i) advice regarding the acceptability of corporate-wide policies and (ii) advisory audit reports;\n(2) Keep cognizant ACO's and auditors informed of important matters under consideration and determinations made; and\n(3) Solicit their advice and participation as appropriate.","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 1—FEDERAL ACQUISITION REGULATION","SUBCHAPTER G—CONTRACT MANAGEMENT","PART 42—CONTRACT ADMINISTRATION AND AUDIT SERVICES","Subpart 42.6—Corporate Administrative Contracting Officer"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"2917d7d53b2a029511660860c0bd3a5c49a704a7996ff149d170b9fd77f3f95f","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-42.602","next":"us/48-cfr-42.700"},"notice":"GroundRules: Original legal text. Not legal advice."}