(a) The contracting officer should not approve an initial invoice or voucher before having consulted with the Assistant Inspector General for Auditing or the Field Audit Office regarding cost or other supporting data as required under:
(1) Cost-reimbursement type contracts.
(2) The cost-reimbursement portion of fixed-price type contracts.
(3) Time and materials or labor-hour contracts.
(4) Fixed-price contracts providing for any of the following:
(i) Progress payments based on costs.
(ii) Advance payments.
(iii) Guaranteed loans.
(iv) Cost-based Incentives or redetermination.
(b) Except for fixed-price contracts with redetermination where no price revision (upward or downward) is to be made, the contracting officer shall not approve the final payment invoice or voucher for contracts specified in 532.7201(a) or the final payment or settlement of other contracts subject to audit prior to:
(1) Receipt and review of the contract audit report; or
(2) Consultation with the Assistant Inspector General for Auditing or the Field Audit Office if no audit is to be conducted.
