The Executive Institute in Contractor Business Systems

This course addresses the US Government’s current initiatives to ensure that Government contractors implement and maintain adequate systems of internal controls. The course includes an explanation of the latest developments in DCAA’s Internal Control Audits (ICAPS) from the basics of each audit through an examination of the evolving definitions of terms such as adequacy and inadequacy in systems analysis. In addition, there will be discussion of the proposed DFARS changes and the developing emphasis on and significance of materiality. The course focuses on what contractors must know about preparing for business systems audits and how to respond during the conduct of the audit. The six key business systems defined in the proposed DFARS rules - three with primary DCAA responsibility and three with primary DCMA responsibility are all addressed. For DCAA audits, subject matter includes Accounting Systems, Estimating Systems, and Material Management Accounting Systems (MMAS), including related subsystems with definitive audit program coverage. For DCMA audits, subject matter includes Contractor Procurement System, Earned Value Management System (EVMS), and Government Property Management. Proposed revisions and changes to administration, adverse effects of failure to pass a review on internal controls, and financial remedies will also be covered.

When
Tuesday, May 31, 2011 9:00 AM - Thursday, June 2, 2011 4:00 PM
Eastern Time

Where
The Public Contracting Institute
1727 Eye St NW
Washington, DC 20006

Fees
Event Registration
Participant $1,295.00
Student $250.00

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Speaker and Presenter Information

Mark Roberts has over 25 years of experience in government contracts having worked in private industry, public accounting and at a law firm serving as a consultant and litigation specialist. Ki Capitano is a consultant with Capitano Consulting providing consultation, advice, assistance, and training on government contract financial and other regulatory compliance matters.