Transforming Subcontractor and Customer Management. Presented by: Asa Gilliland Sharon Edelmann Zoe Rann
|
|
- Terence Harmon
- 7 years ago
- Views:
Transcription
1 Transforming Subcontractor and Customer Management Presented by: Asa Gilliland Sharon Edelmann Zoe Rann
2 Prime Contractors & Subcontract Management April 22, 2016 Asa Gilliland VP & Senior Managing Consultant Copyright Redstone GCI, Inc. 1
3 Redstone GCI Unanet Partner Based in Huntsville, AL with consultants located in Northern Virginia, Orlando and Atlanta Provide strategic accounting and compliance services to companies working with the U.S. Government FAR, CAS, DFARS Business Systems Compliance DCAA/DCMA Business Systems Mock Audit, Corrective Actions and Rebuttal Litigation Support Accounting System Software Implementation & Outsourcing Support Incurred Cost Submission Preparation & Review Human Resources Compliance (FLSA, SCA, DBA, et. al Federal Requirements) Proposal Support, Cost/Pricing and Budgeting Support Copyright Redstone GCI, Inc. 3
4 Why Subcontract Management? What is Subcontract management? Why Now? Contract Audit Trends Staying Ahead of the Compliance Curve Copyright Redstone GCI, Inc.
5 A Bit of Recent History 2016 NDAA Section 893 Effective on the date of the enactment of this Act, the Defense Contract Audit Agency may not provide audit support for non-defense Agencies unless the Secretary of Defense certifies that the backlog for incurred cost audits is less than 18 months of incurred cost inventory. Copyright Redstone GCI, Inc.
6 Audit Guidance on Revised Policy and Procedures for Sampling Low- Risk Incurred Cost Proposals Key Question: Available to prime contractors in application to subcontractors All low risk sampled as follows: Low-Risk Adequate Proposals by Auditable Dollar Value (ADV) Low-Risk Sampling Percentages Less Than $1Million 0% $1Million to $50 Million 5% $50Million to $100 Million 10% $100Million to $250 Million 20% Greater than $250 Million 100% Copyright Redstone GCI, Inc.
7 Some Recent Findings from DOD-IG reports Disclaimed Opinions 16.2% Decrement to total Cost $8.6M CQ subcontract labor inadequate documentation $33.9m CQ Prime did not monitor SubK Labor Quals. $6.6m CQ 20% decrement to all subcontract costs as a result of inadequate monitoring CQ = cost questioned Copyright Redstone GCI, Inc. $37.9m CQ FFP Contract with inadequate purchase documentation on contract requirement or prudent price $52m CQ unsupported SubK Cost and failure to audit SubK systems
8 Events & Trends Why Discuss Prime Ktr-Sub Roles? DFARS proposed rule D034 Evaluating Price Reasonableness for Commercial Items FAR Prohibition on obtaining Certified Cost or Pricing Data (c)(3) Commercial items Director DDP: Pentagon will demand fair prices on commercial items/services You can buy those at the hardware store right? Copyright Redstone GCI, Inc. 8
9 Events & Trends Why Discuss Prime Ktr-Sub Roles? Litigation Laguna Construction Co. ASBCA No KBR CoFC (Subcontractor prices and Kickbacks) US Court of Appeals Circle C Construction SCA violation, electricians underpaid $9,916 Government damages $763,000 (3x contract price for electrical work) tainted work = valueless and treble damages Underpayment was by a subcontractor Copyright Redstone GCI, Inc. 9
10 Events & Trends Why Discuss Prime Ktr-Sub Roles? DCAA CAM Basic Responsibilities The responsibility of the prime contractor for managing its subcontracts is stated in FAR (e). The prime contractor is responsible for subcontract award, technical and financial performance monitoring, ensuring that indirect rate proposals and annual rate adjustments are submitted To accomplish this responsibility, the prime contractor should have adequate internal controls to assure subcontract costs are allowable, allocable & reasonable. R E A D I N G FAR (e)(2) The prime contractor is responsible for managing its subcontracts. The CAO s review of subcontracts is normally limited to evaluating the prime contractor s management of the subcontracts. Copyright Redstone GCI, Inc. 10
11 Prime Contractor Audits of Subcontractors DCAA CAM Prime Contractor Audits of Subcontract Claims on those low risk subcontracts where the prime contractor performs the audit, DCAA shall review the work papers (scope and extent of audit was sufficient) DCAA Audit 11015, Testing of Paid Vouchers, Section C-1, step 8a-e: ensure that the prime contractor is performing steps similar to that done by the government COR (i.e. billings are consistent with scope of work), subcontractor billing rates are updated timely, timely resolution of subcontractor overpayments, requesting DCAA assist audits for major subcontractors Copyright Redstone GCI, Inc. 11
12 Other Trends Who is my Contract Auditor? Independent CPA firms DOE engaged KPMG (2011) & DOE OIG recent report with concerns for unaudited costs (Hanford Nuclear Site) DHS engaged auditors from GSA Schedule DHHS/CMS engaged auditors from GSA Schedule NASA OIG Recommendation (Dec 2014)---Risk created by DCAA Low-Risk ICP Sampling Prime contractor related to subcontracts DCMA Instruction 135 Contract Closeout DCAA Post-payment voucher review The Unanswered Question: Audits or reviews? Copyright Redstone GCI, Inc. 12
13 Regulations Relating to Subcontracting FAR (d)(5) Prime Responsibility for settling indirect rates Definition of subcontractor any supplier, distributor, vendor of firm that furnishes supplies or services to a prime or other subcontractor (b)(3) Subcontract pricing considerations FAR (e)(2) FAR Subcontractor Certified Cost or Pricing data Subpart 9.1 Responsible Prospective Contractors Copyright Redstone GCI, Inc. 13
14 Prime Contractor Compliance Alternatives with Respect to Subc. Pre-award Differentiate price from cost analysis (prime should perform price analysis does not require access to subcontractor cost data) Recognize that prime contractor responsibilities may or may not be authority (e.g. commercial item determination) Documentation is critical (not just for contract negotiations, but also for future government audits, including TINA, estimating, purchasing, voucher reviews and incurred costs) for price reasonableness, source selection (competitive or sole source or selecting best value vs lowest price) Copyright Redstone GCI, Inc. 14
15 Pricing: Audits vs. Non-Audits Question: Does submission of certified cost or pricing data trigger the requirement for an audit? Response (DAU): No, the submission of COPD does not automatically trigger a corresponding audit of that data. Cost or price analysis of that data can be performed without validating (auditing) the submitted data. Note the distinction between audited and nonaudited is clearly identified in DCMA reports (e.g. forward pricing rates). Copyright Redstone GCI, Inc. 15
16 Prime Contractor Compliance Alternatives with Respect to Subc. Post-award You define managing subcontracts, but give consideration to DCAA and/or customer expectations. Do not inject audits into policies or procedures unless compelled to do so (note DCMA CPSRs include a note clearly stating these are not audits) Subcontractor self-certifications (accounting system, provisional rates, indirect cost rate proposal submission if also required by prime contracts); but self-certifications without any corroborating data are risky business Subcontract clause with access to specified records and/or third party verification (mock audits) Copyright Redstone GCI, Inc. 16
17 Prime Contractor Compliance Alternatives with Respect to Subc. Closeout Consider contract close-out expediencies Quick close-out and/or DCAA Low Risk (concept) Convert to FFP (with support for the fixed price) Third party audits (attestation or agreed upon procedures/mock audit) Copyright Redstone GCI, Inc. 17
18 Incurred Cost Proposal (ICPs) Allowable Cost and Payment Clause May 2011 Defines an adequate final indirect cost rate proposal (ICP) & timing --within 6 months of end of contractor fiscal year Written understanding of final indirect cost rates (rate agreement letter) Within 120 days of rate agreement, submit a completion voucher for contracts physically complete in the applicable year (government recourse is unilateral modification and accounting system deficiency) Completion (close-out) invoice (w/i 60-days) shall include settled subcontract amounts and rates. The prime contractor is responsible for settling subcontractor amounts..and providing the CO with status of subcontractor audits Copyright Redstone GCI, Inc. 18
19 Incurred Cost Proposals The Most Frequent Issues (Direct Costs) T&M Costs (amounts invoiced) Employee qualifications ( T labor rate categories) Subcontractors billed at contractor T rates Evidence of subcontractor payments Direct and Indirect travel Lowest available airfare Travel changes Direct Labor Timecards or evidence of payment Directly associated with unallowable costs (e.g. lobbying) Direct Material of Subcontract Costs Missing procurement files including authorizations or funding increases Evidence of payment or failure to manage subcontractor Copyright Redstone GCI, Inc. 19
20 Contact Information: Redstone Government Consulting, Inc Balmoral Drive SW,,Suite 400 Huntsville, Alabama Telephone: Asa Gilliland Senior Managing Consultant R. Scott Butler, CPA Owner-Managing Director Copyright Redstone GCI, Inc. 20
21 Do You IMU? Presented by: Sharon Edelmann, Director of Technology Services
22 The World Without IMU Import Export 22
23 Automation with the IMU Schedule it IMU Do something before Many at a time Import Export Do something after results to you AND Save History / Logging 23
24 Why is the IMU useful? External system export and/or import Core of our Deltek and Dynamics SL integrations Import CC transactions when file arrives Internal export/import combination Export Sum of Comp Time Earned Hours + Import Assignment budget Schedule to an export Regularly export certain data to to PMs 24
25 How does the IMU work? Communicates with Unanet over HTTP Install IMU on any machine that can bring Unanet up on browser How many? Can install multiple IMUs on a machine Each one selfcontained and unaware of the others Hosting Hosted at your location, but this may be changing 25
26 IMU Ex/Im Combination Examples Reports project task/expense type pairs that are out-ofbalance where Actuals + Future Assignments <> Plan Provides automatic leave time entry into locked timesheet for business hours missing from the timesheet (Flex Time / PTO) Corrects hand-entered project and person data (from Quickbooks) by resetting features inconsistent with company standard Executes data checks and reports via any content that is incomplete or incorrect. (Finds T&M plans/assignments without labor categories or without cost structures defined; Finds project profiles with budgets that don t tie to sum of task profile budgets; Finds BOT/EOT dates in direct project and task profiles) Creates assignment on travel task based on presence of labor task assignment ; Creates non-billable task for all direct contract efforts Calculates a 4-parameter determination of Red-Yellow- Green project condition based on current revenue as measured against straight-line estimate to funded value at POP end date Imports updated single-day holiday assignments based on Unanet s holiday table 26
27 Resources + Q&A Unanet Help Docs Kc.Unanet.com Ask your CAM! 27
28 Transforming Customer Account Management Presented by: Zoe Rann, Customer Account Manager
29 Transformation First comes thought; then organization of that thought, into ideas and plans; then transformation of those plans into reality. ~Napoleon Hill The only way you survive is to continuously transform; That makes you an innovation company. ~Ginni Rometty 29
30 Collaboration 30
31 All of Unanet Contributes CXO CAM Support PMO Services Finance 31
32 Finance Team 32
33 Project Management Office 33
34 Professional Services 34
35 Customer Support 35
36 Customer Account Management 36
37 Executives 37
38 Single Source of Truth 38
39 Shared Metrics 39
40 Questions 40
41 Thanks for Attending!
Audit Issues In Government Subcontracting
Audit Issues In Government Subcontracting Breakout Session E Brent A. Calhoon, CPA, Partner, Baker Tilly Virchow Krause, LLP Janie L. Maddox, CPCM, Fellow, Thursday, March 27 1:30pm 2:45pm Agenda 1. Introductions
More informationCurrent Initiatives May 2015
DHG 20 th Annual Government Contracting Update Current Initiatives May 2015 Mr. Ken Saccoccia Deputy Director Page 1 One Agency One Mission DCAA Overview Priorities and Better Buying Power Small Business
More informationTime s Up: DCAA s Renewed Focus on Incurred Cost Submissions
Time s Up: DCAA s Renewed Focus on Incurred Cost Submissions Nicole Mitchell, CPA Donna Dominguez Aronson LLC May 1, 2013 2013 All Rights Reserved 805 King Farm Boulevard Suite 300 Rockville, Maryland
More informationDCAA Our Role. Laura Cloyd-Hall, CPA, MBA John D. Mollohan II, CPA, CFE. Page 1. DCAA 1965-2015: Celebrating 50 Years of Excellence
DCAA Our Role Laura Cloyd-Hall, CPA, MBA John D. Mollohan II, CPA, CFE DCAA 1965-2015: Celebrating 50 Years of Excellence Page 1 Topics About DCAA Typical DCAA Audits for Small Businesses Basic Roles of
More informationDCAA Audit R 4 Rights to Records, Requirements & Remedies
San Diego Chapters Present DCAA Audit R 4 Rights to Records, Requirements & Remedies A Seminar with Panel Discussion and Audience Participation February 18, 2009 This Morning s Agenda 8:30 Introduction
More informationNCMA MEETING PREPARING FOR A DCAA PRICE PROPOSAL AUDIT JUNE 8, 2011
NCMA MEETING 1 PREPARING FOR A DCAA PRICE PROPOSAL AUDIT JUNE 8, 2011 Denise M. Hunt DCAA LM Mt. Laurel Resident Office Forward Pricing Technical Specialist DCAA OVERVIEW AND PRICE PROPOSAL AUDIT PROCESS
More informationIncurred Cost Submissions - It's Not Too Early!
Incurred Cost Submissions - It's Not Too Early! March 28, 2013 David Eck and Todd W. Bishop Dixon Hughes Goodman LLP Agenda Treat Incurred Cost Submissions like a Project Why an Incurred Cost Submission?
More informationIf you require a copy of this presentation, please provide your contact information to either Christopher Weir or Bob Eyer and we will be sure to
How do I survive an audit of an incurred cost submission? If you require a copy of this presentation, please provide your contact information to either Christopher Weir or Bob Eyer and we will be sure
More informationAccounting System Requirements
Accounting System Requirements Further information is available in the Information for Contractors Manual under Enclosure 2 The views expressed in this presentation are DCAA's views and not necessarily
More informationDOD's Business Systems Rule: The Challenge Measuring Government Contractor Compliance Against Subjective Criteria and Perceived Risks
DOD's Business Systems Rule: The Challenge Measuring Government Contractor Compliance Against Subjective Criteria and Perceived Risks Breakout Session #: B04 Presented by: Michael E. Steen, CPA Date: July
More informationGovernment Contractor Business Systems and Overview of System Assessments
Government Contractor Business Systems and Overview of System Assessments Agenda Overview of business systems rules and environment today 3 rd party assessments Practical solutions Contractor perspective
More informationAF Life Cycle Management Center
AF Life Cycle Management Center Subcontract Pricing Shannon Prince AFLCMC/PZF Wright-Patterson AFB 24 March 2014 Overview Intro to Subcontracts Pertinent Thresholds PCO & Prime Responsibilities Prime Analysis
More informationAudit Expectations for Small Businesses
Audit Expectations for Small Businesses DEFENSE CONTRACT CONSULTING Joseph A. Dalton, CGFM/CFE/CAP Over 31 Years -Supervisory/Auditor Service- DCAA Retired Captain, U. S. Naval Reserve 1996 BUSINESS NO.
More informationAccounting System Requirements
Basic Financial Requirements for Government Contracting The views expressed in this presentation are DCAA's views and not necessarily the views of other DoD organizations Accounting System Requirements
More informationThe Changing Government Contractor Environment
The Changing Government Contractor Environment 1 Federal Government Contracting DCAA FY 2014 Report to Congress DCAA Audit Guidance Business systems Federal regulatory rule changes State Contracting (Dept.
More informationDefense Contract Audit Agency: What Do They Do and How Does It Affect ME as a Resource Manager? (Breakout #63)
Defense Contract Audit Agency: What Do They Do and How Does It Affect ME as a Resource Manager? (Breakout #63) Pat Fitzgerald Director Defense Contract Audit Agency The views expressed in this presentation
More informationDCAA Perspective: Key Subcontracting Practices for Maintaining Approved Business Systems Accounting System and Estimating System
DCAA Perspective: Key Subcontracting Practices for Maintaining Approved Business Systems Accounting System and Estimating System Breakout Session A Alfred J. Massey, Western Region, Special Programs Manager,
More informationGovernment Accounting, Estimating, and Billing Systems: Pitfalls and Answers
Curtis Matthews, Managing Partner Government Accounting, Estimating, and Billing Systems: Pitfalls and Answers Findley Gillespie, Senior Manager May 18, 2011 1 The material appearing in this presentation
More informationAs the Defense Contract Audit Agency slowly
Reprinted from Government Contract Costs, Pricing & Accounting Report, with permission of Thomson Reuters. Further use without the permission of West is prohibited. For further information about this publication
More informationINTERNAL CONTROL MATRIX FOR AUDIT OF ESTIMATING SYSTEM CONTROLS Version No. 3.2 June 2006. 31-d Page 1 of 7
INTERNAL CONTROL MATRIX FOR AUDIT OF ESTIMATING SYSTEM CONTROLS Version No. 3.2 June 2006 Control Objectives Example Control Activities Audit Procedures 1. INTERNAL AUDITS Management should periodically
More informationWHAT MAKES AN ACCOUNTING SYSTEM COMPLIANT
WHAT MAKES AN ACCOUNTING SYSTEM COMPLIANT Presented by: Laura Davis OVERVIEW Why Do I Need a Compliant Accounting System Auditor s Judgment Definitions Key Components Audits How to be prepared for an audit
More informationGovernment Contract Accounting Are You DCAA Compliant? Procurement Technical Assistance Program (PTAP)
Government Contract Accounting Are You DCAA Compliant? Procurement Technical Assistance Program (PTAP) NH Presentation October 20, 2010 Presented by: Fred Kline, MBA, CPA Tom Martin MBA, CPA Malcolm Young,
More informationDCAA Guidelines. How the SBIR firm can work effectively with the Defense Contract Audit Agency
DCAA Guidelines How the SBIR firm can work effectively with the Defense Contract Audit Agency Today s Presenters OUTLINE Presenter Introduction DCAA & DCMA DCAA Overview Types of DCAA Audits What it takes
More informationGovernment Contracting in 2015: Balancing Risks to Reap Rewards - Compliance Update
Government Contracting in 2015: Balancing Risks to Reap Rewards - Compliance Update Baker Tilly Beers & Cutler, PLLC, is a wholly-owned subsidiary of Baker Tilly Virchow Krause, LLP. 2015 Baker Tilly Beers
More informationDEFENSE CONTRACT AUDIT AGENCY DEPARTMENT OF DEFENSE 8725 JOHN J. KINGMAN ROAD, SUITE 2135 FORT BELVOIR, VA 22060-6219
DEFENSE CONTRACT AUDIT AGENCY DEPARTMENT OF DEFENSE 8725 JOHN J. KINGMAN ROAD, SUITE 2135 FORT BELVOIR, VA 22060-6219 IN REPLY REFER TO PSP 730.8.B.1/2010-003 February 18, 2011 11-PSP-003(R) MEMORANDUM
More informationPre-Award Accounting Systems
Pre-Award Accounting Systems 2013 National SBIR Conference Christopher Andrezze, CPA Special Assistant to the Deputy Director May 16, 2013 The views expressed in this presentation are DCAA's views and
More informationDCAA / DCMA: Progress or Status Quo? Presented By: Christine Williamson, CPA, Member Kristen Soles, CPA, Member
DCAA / DCMA: Progress or Status Quo? Presented By: Christine Williamson, CPA, Member Kristen Soles, CPA, Member Agenda State of the Agencies DCAA/DCMA What does GAO have to say? What does DOD IG have to
More informationFAR UPDATE 52.216-7, Allowable Cost and Payment (Jun 2013)
FAR UPDATE 52.216-7, Allowable Cost and Payment (Jun 2013) "It's never too early to prepare for your incurred cost submission (A webinar sponsored by Pleasant Valley Business Solutions) 1 Objective Know
More informationFY 2013 DCAA Audit Priorities Laid Out in Staff Allocation Plan
Volume 19 SEPTEMBER 2012 FY 2013 DCAA Audit Priorities Laid Out in Staff Allocation Plan By Darryl L. Walker, CPA, CFE, CGFM, Technical Director at The Defense Contract Audit Agency (DCAA) has issued its
More informationJanuary 2004 5(1) CHAPTER 5. Table of Contents
January 2004 5(1) Paragraph CHAPTER 5 Table of Contents 5-000 Audit of Policies, Procedures, and Internal Controls Relative to Accounting and Management Systems Page 5-001 Scope of Chapter... 501 5-100
More informationRisk Mitigation and Subcontract Management
Risk Mitigation and Subcontract Management Breakout Session # C13 Danielle Carr, MSM Program Acquisitions, HMS Technologies Stacey B. Dey-Foy Director Suspension & Debarment, EPA July 28, 2014 @ 4:00pm
More informationCertificate of Accounting, Billing and Property System Adequacy
Certificate of Accounting, Billing and Property System Adequacy This certifies that, to the best of my knowledge and belief, Contractor s Accounting, Billing and/or Property System and related internal
More informationYou've successfully subscribed to this feed! Updated content can be viewed in Internet Explorer and other programs that use the Common Feed List.
Page 1 of 5 You've successfully subscribed to this feed! Updated content can be viewed in Internet Explorer and other programs that use the Common Feed List. View my feeds DCAA News Thursday, May 28, 2009,
More informationHotline Complaint Regarding the Defense Contract Audit Agency Examination of a Contractor s Subcontract Costs
Inspector General U.S. Department of Defense Report No. DODIG-2015-061 DECEMBER 23, 2014 Hotline Complaint Regarding the Defense Contract Audit Agency Examination of a Contractor s Subcontract Costs INTEGRITY
More informationMACPA 2014 Government Contractors Conference. Current Accounting Issues
MACPA 2014 Government Contractors Conference Current Accounting Issues Jim Thomas Partner, September 18, 2014 Agenda 1. Current Environment 2. Regulatory Update 3. DCMA and DCAA Recent Guidance and Key
More informationPresented by: Laura Davis, President Strategic Consulting Solutions, Inc. PDS Consulting Solutions, LLC November 12, 2015
Presented by: Laura Davis, President Strategic Consulting Solutions, Inc. PDS Consulting Solutions, LLC November 12, 2015 Agenda Introductions RFP Process Types of Costs Pricing of Direct Costs Pricing
More informationIs Your Accounting System Making the Grade? Attributes of an Acceptable Accounting System April 26, 2012
Is Your Accounting System Making the Grade? Attributes of an Acceptable Accounting System April 26, 2012 2012 All Rights Reserved 805 King Farm Boulevard Suite 300 Rockville, Maryland 20850 301.231.6200
More informationSurviving a DCAA. Audit. Nicole Mitchell, CPA Director Aronson LLC. March 29, 2011
Surviving a DCAA Incurred Cost Submission Audit Nicole Mitchell, CPA Director Aronson LLC March 29, 2011 2011 All Rights Reserved 805 King Farm Boulevard Suite 300 Rockville, Maryland 20850 301.231.6200
More informationThe Cost Accounting Standards and Consequences of Noncompliance
The Cost Accounting Standards and Consequences of Noncompliance Breakout Session E05 Greg Bingham, Vice President, The Kenrich Group LLC Mike LaCorte, Principal, The Kenrich Group LLC Tuesday, December
More informationBasic Financial Requirements for Government Contracting
Basic Financial Requirements for Government Contracting 2014 National SBIR/STTR Conference The views expressed in this presentation are DCAA's views and not necessarily the views of other DoD organizations
More informationManaging Cost Type Contracts
Managing Cost Type Contracts October 9, 2013 By: Tom Marcinko Donna Dominguez 2013 All Rights Reserved 805 King Farm Boulevard Suite 300 Rockville, Maryland 20850 301.231.6200 P 301.231.7630 F www.aronsonllc.com
More informationCracking the ICE: Ensuring a Compliant Incurred Cost Submission. Carlos Alvarado, VP, FP&A
Cracking the ICE: Ensuring a Compliant Incurred Cost Submission Carlos Alvarado, VP, FP&A Agenda Introduction Incurred Cost Proposal ICE Model Leveraging Reporting Applications Inadequacy Letters Q&A 2
More information1 1 1 2 2 2 2 3 3 3 3 3 4 4 4 4 5 back
Introduction Bid Protest Business Systems Design, Evalution and Validation Contractor Accounting & Compliance Risk Assessments Contractor Purchasing System Review (CPSR) Cost Accounting Standards (CAS)
More informationCONTRACTOR INVOICE REVIEW AND APPROVAL PROCESS
SECTION XVI. CONTRACTOR INVOICE REVIEW AND APPROVAL PROCESS For purposes of this Guidebook, the terms "voucher" and "invoice" are used interchangeably. A. PURPOSE The purpose of this document is to provide
More informationINSPECTOR GENERAL UNITED STATES POSTAL SERVICE
OFFICE OF INSPECTOR GENERAL UNITED STATES POSTAL SERVICE Trends and Systemic Issues in Defense Contract Audit Agency Audit Work for Fiscal Years 2009-2012 Management Advisory Report Report Number March
More informationHow To Audit A Government Contractor
Activity Code 17740 Version 6.11, dated November 2015 B-1 Planning Considerations Preaward Survey of Prospective Contractor Accounting System Audit Specific Independence Determination Members of the audit
More informationPreaward and Post Award Accounting System Audits. November 17, 2011 Pikes Peak NCMA Roland Wick
Preaward and Post Award Accounting System Audits November 17, 2011 Pikes Peak NCMA Roland Wick OVERVIEW This presentation will provide: 1. The basic criteria for the Preaward and Post Award accounting
More informationContractor Purchasing System Reviews (CPSRs)
Contractor Purchasing System Reviews (CPSRs) San Diego Chapter on February 17, 2010 Panel members: Carl DeWoody Dan Kearney Lil Smith Jim Southerland Facilitator: Maurice Caskey 1 Outline Introduction
More informationCHAPTER 23. Contract Management and Administration
Date Issued: June 12, 2009 Date Last Revised: September 28, 2015 CHAPTER 23. Contract Management and Administration Table of Contents CHAPTER 23. Contract Management and Administration... 23-1 23.1 Policy...
More informationJoint Venture Summary By John Ford and David Lundsten (Cherry,Bekaert and Holland)
Joint Venture Summary By John Ford and David Lundsten (Cherry,Bekaert and Holland) How joint ventures are defined and treated by the FAR, SBA, and DCAA for their purposes, as well as an in-depth discussion
More informationDEFENSE CONTRACT AUDIT AGENCY GUIDE FOR DETERMINING ADEQUACY OF CONTRACTOR INCURRED COST PROPOSAL
Instructions: This form should be completed for each proposal submission and maintained in the permanent file. Adequacy reviews of contractor incurred cost proposals include verification for completeness
More informationINSTRUCTION NUMBER 7640.02 August 22, 2008
Department of Defense INSTRUCTION NUMBER 7640.02 August 22, 2008 IG DoD SUBJECT: Policy for Follow-up on Contract Audit Reports References: See Enclosure 1 1. PURPOSE. This Instruction: a. Reissues DoD
More informationReview of Consultant/Professional Services Cost Accounts
Review of Consultant/Professional Services Cost Accounts 1 Table of Contents Risk Assessment Research and Planning Entrance Conference Preliminary Analytical Procedures Results from Preliminary Analytical
More informationDCAA Compliant Accounting Systems
DCAA Compliant Accounting Systems State Designated as Florida s Principal Provider of Business Assistance [ 288.001, Fla. Stat.] Helping Businesses Grow & Succeed About Your Presenter Jenny W. Clark With
More informationStrategic Implications of the New DFARS Business System Rule Co-presented by Venable LLP and Argy, Wiltse & Robinson June 12, 2012
Strategic Implications of the New DFARS Business System Rule Co-presented by Venable LLP and Argy, Wiltse & Robinson June 12, 2012 1 Panelists Robert A. ( Rob ) Burton, Partner, Venable LLP A 30-year veteran
More informationWhat Exactly is an Acceptable Accounting System?
What Exactly is an Acceptable Accounting System? Kristen Soles, CPA Member Stephanie Widzinski, CPA Senior Manager September 27, 2012 Agenda Review DFARS Business System Rule What Agency is Responsible
More informationAre You Looking to Sell Your Products & Services to the US Government? Overview
Are You Looking to Sell Your Products & Services to the US Government? What You Need to Know About Accounting, Compliance, and Reporting! 1 FICPA Overview The US Government is the largest consumer of goods
More informationFederal Regulatory Compliance Best Practices Washington Technology Webcast. September 27, 2012
Federal Regulatory Compliance Best Practices Washington Technology Webcast September 27, 2012 Agenda Topic Minutes Regulatory compliance overview 5 Major areas of financial compliance risk 15 Best practices
More informationPresenting the Numbers: Accounting Systems for Government Contractors
Presenting the Numbers: Accounting Systems for Government Contractors William D. Craven, CPA Senior Cost/Price Analyst CH2M HILL Plateau Remediation Company William D. Craven, CPA, CMA, CIA Cost/Price
More informationObjectives of the Incurred Cost Audit
36 Contract Management March 2011 Government contractors who incur costs on behalf of the government via contracts, grants, loans, or other contract vehicles are subject to incurred cost audits by the
More informationDepartment of Defense INSTRUCTION
Department of Defense INSTRUCTION NUMBER 7640.02 April 15, 2015 IG DoD SUBJECT: Policy for Follow-Up on Contract Audit Reports References: See Enclosure 1 1. PURPOSE. This instruction reissues DoD Instruction
More informationDCAA Current Trends and Practices. SCS GovCon Seminar October 24, 2013
DCAA Current Trends and Practices SCS GovCon Seminar October 24, 2013 What s Hot 2 Incurred Cost Submissions Requirements Common Deficiencies Closer Cost Scrutiny Travel Costs Restructuring Costs Consultant
More informationPreaward Survey of Prospective Contractor Accounting System
Activity Code 17740 B-1 Planning Considerations Preaward Survey of Prospective Contractor Accounting System Purpose and Scope The major objectives of this audit are to obtain an understanding of the accounting
More informationIntroduction and DCAA Overview
Introduction and DCAA Overview Industry Engagement Session 10/29/2015 The views expressed in this presentation are DCAA's views and not necessarily the views of other DoD organizations DCAA 1965-2015:
More informationMEMORANDUM OF UNDERSTANDING Between Defense Contract Audit Agency and Department of Homeland Security
MEMORANDUM OF UNDERSTANDING Between Defense Contract Audit Agency and Department of Homeland Security 1. PURPOSE This memorandum sets forth an understanding of contract audit coverage and related audit
More informationUnderstanding Unallowable Cost so You Don t Pay the Price
Understanding Unallowable Cost so You Don t Pay the Price Identification and Definition of Unallowable Costs per CAS and FAR An unallowable cost is one that: Under the provisions of any pertinent law,
More informationTestimony. Patrick J. Fitzgerald Director, Defense Contract Audit Agency. before the. Commission on Wartime Contracting In Iraq and Afghanistan
Testimony of Patrick J. Fitzgerald Director, Defense Contract Audit Agency before the Commission on Wartime Contracting In Iraq and Afghanistan July 26, 2010 Chairman Thibault, Chairman Shays, and members
More informationAGENDA FOR LUNCH SEMINAR WITH FMI AUGUST 28, 2008 12:30 PM INTRODUCTION TO GOVERNMENT CONTRACTING
AGENDA FOR LUNCH SEMINAR WITH FMI AUGUST 28, 2008 12:30 PM INTRODUCTION TO GOVERNMENT CONTRACTING 1. NICRA - What is a NICRA? - Who has a NICRA? - Do I need a NICRA? - How do I get a NICRA? 2. INDIRECT
More informationContractor Purchasing System Review (CPSR) Guidebook
DEPARTMENT OF DEFENSE (DOD) Contractor Purchasing System Review (CPSR) Guidebook November 02, 2015 DEFENSE CONTRACT MANAGEMENT AGENCY (DCMA) This revision supersedes all previous versions. Table of Contents
More informationINSIGHTS. Status on DCAA Executing Low Risk Incurred Cost Proposal Audit Process. Government Contract NOVEMBER 2012. Volume 21
Government Contract INSIGHTS A MONTHLY PUBLICATION FOR GOVERNMENT CONTRACTORS Volume 21 NOVEMBER 2012 Status on DCAA Executing Low Risk Incurred Cost Proposal Audit Process By Darryl L. Walker, CPA, CFE,
More informationUnderstanding the Rate Cycle. Presented By: Rich Wilkinson, VP Client Services
Understanding the Rate Cycle Presented By: Rich Wilkinson, VP Client Services The Rate Cycle and Related Trivia Basics of Indirect Rates The Traditional Structures Developing Rates Prospective Rate Submissions
More informationEnsure Compliance For Government Contractors
Ensure Compliance For Government Contractors Topics Overview NeoSystems Corp 2009-2012 ENSURE COMPLIANCE FOR GOVERNMENT CONTRACTORS TABLE OF CONTENTS V15C Learning Objectives... 4 Introduction... 5 Government
More informationPost Award Accounting System Audit at Nonmajor Contractors
Activity Code 17741 Version 3.1, dated November 2015 B-01 Planning Considerations Post Award Accounting System Audit at Nonmajor Contractors Audit Specific Independence Determination Members of the audit
More informationTOPIC 12 CONTRACT COST AND PRICE ANALYSIS
CONTRACT AUDIT GUIDE FRAMEWORK TOPIC 12 CONTRACT COST AND PRICE ANALYSIS Objective To determine whether the agency effectively conducts cost or price analysis to arrive at fair and reasonable prices for
More informationDEFENSE CONTRACT AUDIT AGENCY CHECKLIST FOR DETERMINING ADEQUACY OF CONTRACTOR INCURRED COST PROPOSAL
Instructions: This form should be completed for each proposal submission and maintained in the permanent file. Adequacy reviews of contractor incurred cost proposals include an assessment for completeness
More informationDCAA and the Small Business Innovative Research (SBIR) Program
Defense Contract Audit Agency (DCAA) DCAA and the Small Business Innovative Research (SBIR) Program Judice Smith and Chang Ford DCAA/Financial Liaison Advisors NAVAIR 2010 Small Business Aviation Technology
More informationCHAPTER 8. Table of Contents
July 29, 2015 8(1) Paragraph CHAPTER 8 Table of Contents 8-000 Cost Accounting Standards Page 8-001 Scope of Chapter... 801 8-100 Section 1 --- Overview - Cost Accounting Standards Board (CASB) Rules and
More informationSUBCHAPTER G CONTRACT MANAGEMENT PART 842 CONTRACT ADMINISTRATION AND AUDIT SERVICES
SUBCHAPTER G CONTRACT MANAGEMENT PART 842 CONTRACT ADMINISTRATION AND AUDIT SERVICES Sec. 842.000 Scope of part. 842.070 Definitions. Subpart 842.1 Contract Audit Services 842.101 Contract audit responsibilities.
More informationThank You for Joining Us, The Webinar Will Begin Shortly. While you are waiting please check out the Upcoming Webinars on www.giveme5.com.
Thank You for Joining Us, The Webinar Will Begin Shortly. While you are waiting please check out the Upcoming Webinars on www.giveme5.com. Before we begin just a few notes: During the presentation lines
More informationDOECAA Spring Conference Presentation. Cost Reimbursement Contracting Issues - DOE Proposed Business System Rule
DOECAA Spring Conference Presentation Cost Reimbursement Contracting Issues - DOE Proposed Business System Rule Mary Karen Wills, CPA Director/Leader, BRG Government Contracts 2014 Berkeley Research Group
More informationCOST PLUS AWARD FEE CONTRACT ADMINISTRATION DESKGUIDE
COST PLUS AWARD FEE CONTRACT ADMINISTRATION DESKGUIDE 1. Introduction. This Guide does not cover all aspects of administering a cost plus award fee (CPAF) contract. As all of the Directorates of Contracting
More informationMEMORANDUM OF UNDERSTANDING Between Defense Contract Audit Agency and Department of Homeland Security
MEMORANDUM OF UNDERSTANDING Between Defense Contract Audit Agency and Department of Homeland Security 1. PURPOSE This memorandum sets forth an understanding of contract audit coverage and related audit
More informationMonitoring Subcontracts. The views expressed in this presentation are DCAA's views and not necessarily the views of other DoD organizations
Monitoring Subcontracts The views expressed in this presentation are DCAA's views and not necessarily the views of other DoD organizations Subcontracts What should a contractor know about subcontracting:
More informationPresented by: James Concannon, MSA FAC C Level III Contracting Officer
Presented by: James Concannon, MSA FAC C Level III Contracting Officer The primary document that establishes policies and procedures for acquisition by all Executive Agencies. It is the over-riding authority
More informationOctober 14, 2015 5(1)
October 14, 2015 5(1) Paragraph CHAPTER 5 Table of Contents 5-000 Audit of Policies, Procedures, and Internal Controls Relative to Accounting and Management Systems Page 5-001 Scope of Chapter... 501 5-100
More informationDCAA s FY 2014 Staff Allocation Plan: Audits Targeted as High Priority
Volume 31 SEPTEMBER 2013 DCAA s FY 2014 Staff Allocation Plan: Audits Targeted as High Priority By Darryl L. Walker, CPA, CFE, CGFM Senior Director at Redstone Government Consulting, Inc. The Defense Contract
More informationPublic Vouchers. Further information is available in the Information for Contractors Manual under Enclosure 5
Public Vouchers Further information is available in the Information for Contractors Manual under Enclosure 5 The views expressed in this presentation are DCAA's views and not necessarily the views of other
More informationContractor Purchasing System Review (CPSR)
Contractor Purchasing System Review (CPSR) Presentation References FAR 44.3 and DFARS 244.3 -- Contractors Purchasing Systems Reviews Consent to Subcontract FAR 44.2 2 What is a CPSR Contractor purchasing
More informationPAS 730.3.B.2.4 April 24, 2012 12-PAS-012(R)
DEFENSE CONTRACT AUDIT AGENCY DEPARTMENT OF DEFENSE 8725 JOHN J. KINGMAN ROAD, SUITE 2135 FORT BELVOIR, VA 22060-6219 IN REPLY REFER TO April 24, 2012 MEMORANDUM FOR REGIONAL DIRECTORS, DCAA DIRECTOR,
More informationINTERNAL CONTROL MATRIX FOR AUDIT OF BILLING SYSTEM CONTROLS Version No. 4.2 August 2006
INTERNAL CONTROL MATRIX FOR AUDIT OF BILLING SYSTEM CONTROLS Version No. 4.2 August 2006 1. MANAGEMENT REVIEWS The contractor should have policies and procedures for periodic monitoring of the billing
More informationHow to Establish an SBIR Accounting System that Can Withstand a Government Audit
In cooperation with Connecticut Innovations 4/16/14 How to Establish an SBIR Accounting System that Can Withstand a Government Audit Edward G. Jameson, CPA Managing Partner Jameson & Company, CPAs www.jamesoncpa.com
More informationGetting Your Incurred Cost Proposal for FYE 12/31/2012 in Order Starting NOW
Volume 23 JANUARY 2013 Getting Your Incurred Cost Proposal for FYE 12/31/2012 in Order Starting NOW By Darryl L. Walker, CPA, CFE, CGFM, Director at Redstone Government Consulting, Inc. For many government
More informationNASA Office of Inspector General
NASA Office of Inspector General National Aeronautics and Space Administration Office of Audits COSTS INCURRED ON NASA S COST-TYPE CONTRACTS December 17, 2014 Report No. IG-15-010 Office of Inspector General
More informationGovernment Procurement & Audit Challenges for Government Contractors
Government Procurement & Audit Challenges for Government Contractors Annual Newsletter for Calendar Year 2013 Redstone Government Consulting, Inc. Directors: Darryl Walker & Mike Steen The Redstone GCI
More informationNational Science Foundation 4201 Wilson Boulevard Arlington, Virginia 22230
National Science Foundation 4201 Wilson Boulevard Arlington, Virginia 22230 Office of Inspector General MEMORANDUM. DATE: September 30, 2011 TO: FROM: SUBJECT: Jeffrey M. Lupis, Director Division of Acquisition
More informationIncurred Cost Submissions
Incurred Cost Submissions Further information is available in the Information for Contractors Manual under Enclosure 2 The views expressed in this presentation are DCAA's views and not necessarily the
More informationTruth in Negotiations Act (TINA) Essentials
Truth in Negotiations Act (TINA) Essentials Brent Calhoon, CPA and Jamie Sybert Date: June 5, 2012 Time: 12pm - 1:30pm Eastern Discussion Topics Introductions Truth in Negotiations Act (TINA) Background
More informationGAO DCAA AUDITS. Widespread Problems with Audit Quality Require Significant Reform
GAO September 2009 United States Government Accountability Office Report to the Committee on Homeland Security and Governmental Affairs, U.S. Senate DCAA AUDITS Widespread Problems with Audit Quality Require
More informationGeneral Terms and Conditions of Purchase
General Terms and Conditions of Purchase Supplement 1 Federal Acquisition Regulation (FAR) Government Contract Provisions 1. When the materials or products furnished are for use in connection with a U.S.
More informationMaster Document Audit Program. Version No. 2.9, updated November 2015 B-1 Planning Considerations
Activity Code B-1 Planning Considerations Cost Realism Audit Specific Independence Determination Members of the audit team and internal specialists consulting on this audit must complete the Audit Specific
More information