DCAA Contractor Business Systems and Internal Controls

Sep 11 - Sep 12

DCAA Contractor Business Systems and Internal Controls8:00 am - 3:00 pmIn 2009, the Commission on Wartime Contracting issued a special report on contractor business systems. This report highlights the Commission’s principal conclusion: “Contractor business systems and internal controls are the first line of defense against waste, fraud and abuse.” This report set in motion the promulgation of the Defense Federal Acquisition Regulation Supplement (DFARS) Business Systems Rule, which was finalized on February 24, 2012. This course focuses on the development of internal controls for compliance with the DFARS defined Business Systems: Accounting, Estimating, Material Management and Accounting System (MMAS), Earned Value Management (EVM), Purchasing, and Property. The course emphasizes the role of the Defense Contract Audit Agency (DCAA) in auditing and evaluating contractors’ internal controls. In fact, DCAA has continuously developed new audit programs for assessing contractors’ compliance with the detailed requirements of the DFARS. This has been an evolution that has resulted in shifting emphases by DCAA up to and including the present time. The Defense Contract Management Agency (DCMA) has similarly adjusted its review criteria as well. The instruction provides recommended and proven approaches to develop, maintain, and monitor internal business system controls for compliance with Government contract requirements including FAR and DFARS business system requirements. This course is recommended for those individuals who have a fundamental or better background in negotiated government contracting, and government contract regulatory compliance related responsibilities. It will benefit individuals with responsibilities for developing and conducting internal compliance audits and oversight reviews as well as contractors who wish to establish, improve or update existing systems of internal controls. Overall, this course will enhance skills in government contract compliance risk management. Who should attend:
- Compliance Professionals
- Audit and Internal Controls Professionals
- Finance and Accounting Professionals
- Small Business professionals
- Prime Contractors
- Contract Managers and Administrators
- Senior Level Contracts Professionals Learning Objectives:
- Understand the nature and intent of business systems compliance requirements
- Create Internal control risk management and compliance models
- Develop Inter-relationships between accounting and other related systems
- Understand The types of compliance internal controls
- Recognize indicators of risk/vulnerability and potential non-compliance in business systems
- The adequacy qualities, government oversight approaches and significant compliance issues related to various business systems. Planet Hollywood Resort
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Las Vegas, NV, 89109
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