Position Description

Audit Manager - Incurred Cost Audits
Location Washington D.C.
Job Code 1805AUD5MS1O
# of openings 2
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Audit Manager – Incurred Cost Audits


Education Requirements: Bachelor’s Degree in Accounting or related business field from an accredited university


Years of Experience: 5-7 years of incurred cost/contract auditing experience required, DCAA Audit Experience preferred


U.S. Citizenship Required


Required Security Clearance Level: Ability to obtain a minimum of a Public Trust security clearance


Certifications Required:  CPA Certification required    


Castro & Company is a dedicated audit, advisory and accounting CPA firm headquartered in Alexandria, Virginia, providing services to Federal Government clients. Named Best Place to Work in 2017, 2018 and 2020 by the Washington Business Journal, we are dedicated to helping our clients accomplish their strategic goals, while providing our people a diverse and inclusive environment to thrive and succeed. Castro & Company employees are part of a learning culture with challenging career development opportunities. We encourage teamwork and collaboration, reward excellence, and respect and value diversity.  

As an Audit Manager, you will be required to execute the following tasks for Federal Government Agencies:

  • Lead small teams
  • Perform incurred cost and other contract audits
  • Perform pre-award surveys
  • Determine the adequacy of an awardee’s accounting and financial management systems
  • Determine the adequacy of financial capability (viability) based upon analysis and review of financial statements and supporting documentation.
  • Work to obtain additional documentation such as interim financial statements, support/details of amounts reported, and credit or financing arrangements in cases where the analysis indicates that an awardee is at risk of inappropriate use of federal funds or where the organization’s ability to continue as a going concern is in doubt
  • Audit proposals to determine the allowability, allocability, and reasonableness of proposed/budgeted costs and/or direct and indirect costs
  • Determine the adequacy of an awardee’s policies, procedures, practices, and internal controls relating to accounting, estimating, and procurement; the evaluation of an awardees management policies and decisions affecting costs
  • Determine the accuracy and reasonableness of an awardees cost estimating systems
  • Conduct evaluations of an awardee’s statements of costs to be incurred (cost estimates) or statements of cost actually incurred
  • Implement post-award audit actions, including the review of: invoices and final voucher closeouts, annual incurred cost submissions, provisional rate and final rate submissions, adequacy of internal controls, agreed upon procedures, change orders proposals, and Requests for Equitable Adjustments, and review of termination proposals

To achieve these tasks, you must possess the following Essential Qualities:

  • Ability to exercise good judgment and ethical value
  • Exceptional client service and oral and written communication skills with a demonstrated ability to develop and maintain outstanding client relationships
  • Professional demeanor
  • Strong sense of urgency and solution-oriented mindset
  • Excellent analytical, organizational, and project management skills
  • Proficiency with Microsoft Office (Word, Excel, PowerPoint)
  • Strong commitment to quality and integrity
  • Problem-solving ability
  • High level of enthusiasm and a capacity for overcoming obstacles


Castro & Company is an Equal Opportunity Employer and considers all qualified applicants without regard to color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability and any other classification protected by law.

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