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all right well thank you excellent well good morning everyone and thank you for having me im glad to be here with you today and im looking forward to talking with you on uh various topics uh the first is going to be the intro and dcaa overview so ill just go ahead and get right started okay so as you know contract audit contract audit has been a prudent and necessary part of the dod procurement process for many years from about 1948 to 1965 each of the military services had its own internal contract audit function in december of 1964 secretary of defense robert mcnamara decided that the contract audit function could be performed more effectively and efficiently by a single independent audit organization ingly dcaa was established in 1965 by transferring all of the existing audit functions contract audit functions from each of the military services into a single contract audit agency uh and as you know dcaa stands for defense contract audit agency we have oversight of about 9000 cont