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Preparing for a Federal Government Contract Audit

September 30 @ 9:00 am - 4:00 pm

$595

The course is designed to help government contractors develop strategies for mitigating contract cost audit risk and vulnerability by discussing the processes used by contract auditors. This course provides an overview of the government contract audit process, auditor expectations regarding the adequacy of accounting systems, labor timekeeping and distribution, cost representations for forward pricing, billing, and incurred costs. By knowing the factors and processes that influence contract audit risk, contractors will be in a better position to develop strategies to handle issues that arise during contract audits. This course is recommended for those individuals responsible for contract audit related issues and preparing cost input or information for audit review.

Learning Objectives

  • Discuss general audit expectations for government contractors
  • Discuss audit expectations for the adequacy of accounting systems, timekeeping and labor distribution, and cost accumulation
  • Discuss audit risk assessments and quality of audit evidence
  • Discuss Truthful Cost or Pricing Data (aka TINA) requirements and audits of forward pricing proposals
  • Discuss audits of incurred costs
  • Discuss the impact of penalties for unallowable costs
  • Discuss audit risk management and strategies

Details

Date:
September 30
Time:
9:00 am - 4:00 pm
Cost:
$595
Event Category:

Venue

Washington, DC – PCI
1725 I (Eye) Street NW
Washington, DC 20007 United States
+ Google Map
Phone:
202-775-7240
Website:
http://publiccontractinginstitute.com/

Other

Delivery Method
In-Person Seminar