Audit Responsibility When Responsible/Designated Contractor

120.7 – Audit Responsibility When Responsible/Designated Contractor Changes (Rev. 27, 12-19-03) Where the contractor responsible for the home office audit changes, the outgoing contractor makes available to the incoming contractor copies of pertinent prior years' statements of home office costs, desk reviews, audit reports and audit adjustments, and any working papers or documentary material pertinent to the current year's audit.