Webinar and Podcast- Keys to Successfully Answering the DCAA Knock at the Door!

In the current government contract regulatory compliance environment, transparency of the contracting process has gained considerable importance and visibility. This transparency directly affects government contractors’ compliance programs and impacts multiple areas of the business, including:

  • Cost accounting, allowability, and allocation practices;
  • Estimating and pricing practices;
  • Business systems documentation and internal controls
  • Accounting
  • Purchasing
  • Estimating
  • Earned Value
  • Property
  • Material Management
  • Procurement and supply chain administration and management;
  • Financial and other reporting requirements to the government;
  • Property accountability; and
  • Potential mandatory disclosure obligations.

This webinar will address five specific factors that are critical to enhancing the probability of a successful audit outcome. These factors include activities important prior to the audit as well as during the audit. The webinar will focus on adequate knowledge of the DCAA objectives and procedures, effective communication procedures throughout the process, detailed and effective record retention practices and coordination of all relevant personnel in support of the audit.

Join Craig as he “Answers the DCAA Knock at the Door” with an informative discussion with answers to questions like:

  • What is transparency and why the focus in the current environment?
  • What aspects of the business may be affected by a DCAA audit?
  • What are some key factors to consider in the audit process to increase the chance of a successful outcome?
  • How can we mitigate the overall audit risk?
  • What is a successful audit outcome?

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Our Audience had so many questions, we opted to do a follow-up Podcast Click below to tune in free:

Illustration of the word Podcast with headphones isolated on a white background.

Illustration of the word Podcast with headphones isolated on a white background.

Preparing for an Incurred Cost Submission – On Demand

The Incurred Cost Submission is daunting and can be very confusing for contractors because of its complexity and the number of schedules and forms. Not only that, there are sensitive audit issues as well as a host of other issues such as executive compensation and rate calculations that impact your submission.

Presented by Chad Braley of Capital Edge Consulting, this On Demand webinar is a discussion on the Incurred Cost Submission including the format, the requirements, the schedules and the all-important ICS due date. 

You will also learn more about data requirements, indirect rate structures, cost pools, allowability/applicability and the ever-present FAR Part 31.

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DEMYSTIFYING THE CPSR PODCAST

Chase-KunkChase Kunk has considerable industry and consulting experience in supporting organizations through the CPSR process. His approach to purchasing system compliance has always been “one size does not fit all;” rather, make the public laws and regulatory requirements work for your business model and processes.  This practical approach has become the cornerstone of his reputation and yields positive results for contractors.
Steve Brander has more than 20 years of GovCon experience and a successful track record in designing effective technology business solutions. He is an industry leader in designing compliant ERP and business intelligence solutions for complex government contractors.
Join Chase and Steve as they “Demystify the CPSR” with an informative discussion with answers to questions like:
  • Can you describe the Government’s evaluation of a purchasing system?
  • We hear about FAR Part 44 as the go-to-regulation.  Are there other regulations of value to this process?
  • How far in advance of the CPSR is the contractor notified that a CPSR has been scheduled and, more importantly, can contractors realistically prepare within that timeframe?
  • Can you tell us a little bit about the actual onsite CPSR activities that traditionally occur?
  • What are some of the CPSR findings contractors’ encounter?
  • What tip or tips do you have for contractors as they evaluate their purchasing system and prepare for their next CPSR?

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12 Essentials to a Successful DCMA Contractor Purchasing System Review

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Chase Kunk of Capital Edge Consulting has considerable industry and consulting experience in supporting organizations through the CPSR process. His approach to purchasing system compliance has always been “one size does not fit all;” rather, make the public laws and regulatory requirements work for your business model and processes. This practical approach has become the cornerstone of his reputation and yields positive results for contractors.With the benefit of his experience, he has identified 12 purchasing system essentials that every company must consider as they evaluate their system and prepare for their next CPSR.
Join Chase as he provides some ground-truth insight with 12 Essentials to a Successful DCMA Contractor Purchasing System Review. His observations on CPSRs include compliant system processes and documentation techniques critical to effective system output and, in turn, successfully passing a purchasing system review.
Still not sure if you should watch this webinar? 
A disapproved purchasing system:
  • Elevates advance notice and consent to subcontract requirements which may cause delivery and performance delays.
  • Impacts your competitive position–both writing to approved business systems and your overall evaluated price in proposals.
  • Influences Government-wide notification and resultant reaction by your procuring agency customers.
  • Is capable of causing an overall negative perception across your business systems and payment withholds, affecting cash flow.
“Knowledge is power” was a phrase first used by Sir Francis Bacon. Through his experience in navigating the government contracting space, Chase will provide you with the knowledge required to expertly prepare your business for the next CPSR, assuring you a greater chance of passing your next review.

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DCAA AUDIT HOT TOPICS ON-DEMAND

This complimentary webinar hosted by Federal Publications  provided an update and overview of current “Hot Topics” related to contracting with the federal government and interacting with the Defense Contract Audit Agency (DCAA). The webinar was intended for professionals in the areas of accounting, compliance, finance, and program or contract management.

Presented by Chad Braley of Capital Edge Consulting, you will hear about recent legislation impacting the government’s limit on employee compensation that can be charged on government contracts, and the challenges to the government contracting community in complying with the new requirements.We will also discuss recent DCAA guidance to its auditors related to the identification of “expressly” unallowable costs. The classification of a cost as “expressly” unallowable is of course important because if such costs are claimed by a contractor on government contracts, the penalty may be as much as 200% of the claimed “expressly” unallowable amount.Next, there have been a couple of recent approaches that the DCAA has adopted to assist auditors in eliminating their audit backlog of Incurred Cost Submissions (ICS). Some elements of their approach will impact whether or not outstanding contractor ICS years (submissions) are actually audited.

Finally, we will discuss DCAA’s expanded review and testing related to processing interim payment vouchers, which will negatively impact contractor resources to support the additional documentation requirements and on-site testing by the DCAA.

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CPSR: WHAT YOU NEED TO HAVE IN PLACE TO PASS A PURCHASING SYSTEM REVIEW

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Join industry expert Chase Kunk for an overview on Contractor Purchasing System Reviews, including system elements that must be in place to successfully pass a purchasing system review. An approved purchasing system can also result in higher proposal evaluations resulting in more contract awards. Therefore, a contractor triggering the threshold for a purchasing system review would be well served to ensure they pass a review on the first try.

This webinar will provide an overview of significant elements of the Contractor Purchasing System Review (CPSR). The course addresses the government’s objectives in determining the need for a CPSR, as well as the regulatory basis for establishing the requirement for a contractor to implement a formal Purchasing System. We will also discuss the government’s data requirements and the importance of nailing this the first time. We will also address what contractors have been experiencing during CPSRs and what contractors can expect related to various outcomes as a result of the CPSR.

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