Course Agenda and Travel Details
Accounting System Compliance for Federal Contractors

Daily Class Schedule: - 9AM to 4PM

Date: Available in-house

CPE (Continuing Professional Education) credits: 6 1/2 for one  day course


Course Agenda:
1. Background of Federal Contractor Accounting Business System Requirements 
2. Accounting System Requirements Outside of DFARS
3. DFARS Accounting Business System Requirements
    -    Background of Requirements
    -    Applicability of Requirements
    -    Potential Subsystems
    -    System Criteria
    -    Significant Deficiencies
    -    Withholding Provisions
    -    Disapproval of System
4.  DCAA Accounting System Audit Program(s)
    -    Controlling Audit Program
    -    Walkthrough of Audit Programs with Reference to DFARS Criteria
5.  Accounting Systems Compliance Approach (including example tools/techniques)
    -    Internal Control Methodology for Compliance (COSO)
    -    Objectives and Risk Analysis
    -    Plan and Scope of Evaluation
    -    Documentation of Processes and Controls
    -    Design Gaps
    -    Operating Effectiveness (Testing)
    -    Control Environment Evaluation
    -    Training and Monitoring Requirements
    -    Overall Management Evaluation
6. Significant Deficiencies and Withholding
    -    Definition of Significant Deficiency
    -    DCAA Identification of Deficiencies
    -    DCMA Evaluation of Deficiencies
    -    Contractor Corrective Action Plans (CAP)
    -    Withholding of Contractor Billings