What is the purpose of Air Force regulation DAFI65-302?
The purpose of Air Force regulation DAFI65-302 is to establish guidelines and procedures for obtaining external audit services to ensure the financial integrity and accountability of Air Force activities.

Who is responsible for implementing and enforcing DAFI65-302?
The Chief Financial Officer (CFO) or the principal deputy for financial management is responsible for implementing and enforcing DAFI65-302 within the Air Force.

When should an external audit of Air Force activities be performed?
An external audit should be performed annually for entities with appropriations or assets exceeding $100 million and biennially for entities with appropriations or assets below $100 million. However, the frequency may vary depending on specific circumstances.

Can an Air Force activity choose any external audit firm to perform the audit?
No, Air Force activities must select an external audit firm that is approved by the CFO or the principal deputy for financial management, and has the necessary qualifications and independence to perform the audit effectively.

Is it possible to request an extension for the completion of an external audit?
Yes, in exceptional circumstances, the CFO or the principal deputy for financial management may grant a written extension for completing the external audit. The request for an extension must be submitted with valid justification.

What documentation is required to be maintained during the external audit process?
During the external audit process, Air Force activities must maintain documentation related to the audit planning, fieldwork, and reporting phases. This documentation should support the auditors' findings, conclusions, and recommendations.

Can an external audit firm subcontract any part of the audit work?
Yes, an external audit firm can subcontract certain portions of the audit work if they determine it necessary. However, the prime contractor remains responsible for ensuring the quality and accuracy of the subcontractor's work.

How should audit reports be submitted to the Air Force?
Auditors should provide draft audit reports to the Air Force activity for review and resolution of any discrepancies. Once finalized, the auditors must submit the audit reports directly to the CFO or the principal deputy for financial management.

What should the Air Force activity do after receiving the final audit report?
After receiving the final audit report, the Air Force activity must develop a corrective action plan to address any findings, recommendations, or deficiencies identified in the report. The plan should outline specific actions and timelines for addressing each identified issue.