PSC R704

Overview

The Product Service Code (PSC) system is the federal taxonomy that classifies goods and services acquired by the U.S. government, enabling consistent reporting, analysis, and tracking of procurement actions across FPDS and SAM. The PSC Manual on Acquisition.gov documents PSC maintenance, assignment procedures, and classification guidance for contracting officers and data reporters.¹

PSC R704 is labeled SUPPORT‑MANAGEMENT: AUDITING and is applied to contracts that procure audit-related services, including financial and compliance audits, recovery-audit work, and audit-remediation tasks. Award records and solicitations that use R704 frequently map to accounting and consulting NAICS such as 541211, 541219, and 541611 in FPDS reporting.²

What this PSC covers

• Auditing services (general descriptor: contract performance of audit engagements).²
• Financial statement and certified public accountant engagements (NAICS 541211).²
• Other accounting and claims audits (post-payment reviews and accounting audits; NAICS 541219).²
• Administrative/management audit and consulting assessments (operational, compliance, and management reviews; NAICS 541611).²
• Recovery-audit services (identification and recapture of overpayments in program payments and provider payments).³

Related NAICS and PSC codes

Type	Code	Descriptor
NAICS	541211	Offices of Certified Public Accountants
NAICS	541219	Other Accounting Services
NAICS	541611	Administrative Management and General Management Consulting Services
PSC	R704	SUPPORT‑MANAGEMENT: AUDITING

How agencies commonly apply R704

• Agencies assign PSC R704 to contracts and orders when the primary deliverable is audit-related work recorded in FPDS; those award records commonly also report NAICS codes from the accounting and consulting sectors for the same action.²
• Recovery-audit programs (for example, provider-payments and benefits overpayment recapture) are procured through normal mechanisms and documented by agency payment-integrity policies; VA program guidance describes scope and reporting for such efforts.³

Frequently asked questions

• Q: What is the formal source for PSC definitions and changes?
  A: The Product and Service Code Manual on Acquisition.gov is the authoritative source for PSC definitions, categories, and change procedures; contracting officers and data reporters use it when assigning and updating PSCs.¹

• Q: Which NAICS codes are most often paired with PSC R704?
  A: Award records commonly pair R704 with NAICS such as 541211, 541219, and 541611, reflecting CPA, accounting, and management-consulting scopes in FPDS reporting.²

• Q: Does R704 require specific audit standards (for example, GAGAS)?
  A: The PSC is a classification label and does not itself mandate audit standards; agencies specify technical requirements and applicable audit standards (such as GAGAS or OMB guidance) in solicitations and statements of work.¹

• Q: Are recovery audits explicitly within R704’s scope?
  A: Recovery-audit activities are commonly procured under audit PSCs like R704; agency payment-integrity guidance and VA program pages describe how recovery-audit work is scoped and reported.³

Useful resources

• G2X — PSC R704 overview: https://app.g2xchange.com/psc/R704
• G2X — NAICS 541211: https://app.g2xchange.com/naics/541211
• G2X — NAICS 541219: https://app.g2xchange.com/naics/541219
• G2X — NAICS 541611: https://app.g2xchange.com/naics/541611
• Product and Service Code Manual (Acquisition.gov).¹
• Federal Procurement Data System (FPDS).²
• VA — Provider Payments / Recovery Audit information.³

References

1. https://www.acquisition.gov/psc-manual
2. https://www.fpds.gov/
3. https://www.va.gov/COMMUNITYCARE/revenue-ops/provider-payments.asp