DCAA “Hot Buttons” : 2014 Update
Overview:
In a two hour live webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will discuss the latest updates and hot buttons on Defense Contract Audit Agency (DCAA).Some of the major topics that will be covered in this course are:
- Accounting System Requirements
- Steps for getting your accounting system approved
- Understanding Indirect Pools
- Prime responsibilities for subcontractors
- Incurred Cost Submissions
- DCAA Hot Topics
Agenda:
SEGMENT 1:
Mark Dostal, Director, Government Contracts Practice
PwC
Introduction and the Current Environment
- Observations on the Current Environment
- Government Contracting Oversight Organizations
- Business Systems Disapprovals and Withholding Update
Key DCMA/DCAA Issues and Initiatives
- Commercial Items
- Contractor Allowable Compensation Cost Limitation
- Limiting Performance-Based Payments to Incurred Costs
- Detecting Instances of Fraud
- Prioritized Incurred Cost Audits
- Other Procurement Policy Updates
Proposed DFARS Rule on Business System Compliance
- Industry Responses and Observations
Government Auditing Standards
- What are they?
- How are they used?
- Issues
SEGMENT 2:
Jenny W. Clark, Director
Decosimo Solvability, LLC
Getting DCAA to review accounting systems
Primes requiring “approved” accounting systems
Review and tracking of Work At Home (WAH)
Small businesses unaware of reporting requirements related to Cost Plus
SEGMENT 3:
Jeffery M. Chiow, Attorney
Rogers Joseph O’Donnell
- Implications of the Proposed Rule for Business System Audits
- (Un)timeliness of Government Claims
- DCAA Access to Internal Audits/Investigations
SEGMENT 4:
Francis P. Summers Jr, Executive Director, Government Contract Services
EY
- DCAA leadership focus – at least up until Pat Fitzgerald retired at the end of August
- Internal concerns
- How those two things (which conflict in part) plays out in the client/contractor interface – what contractor’s see. This is where I bump up to Mark because the proposed DFARs Business System Rule is part of that, so is prioritized Incurred Cost and maybe what he says about the oversight organizations. Mark and I certainly need to share slides in advance and maybe talk.
Who Should Attend:
- Audit & Compliance Executives from Government Contractors
- Finance Manager
- Finance Executive & Director
- Finance Officers
- Trust & Tax Attorneys
- Accountants & Consultants
- Internal Auditors
- Auditors
- Commercial and contract managers
- Business Lawyers
- Other Related Professionals
Francis (Frank) Summers is an Executive Director in the Fraud Investigation & Dispute Services, Government Contract Services practice of Ernst …
Mark Dostal is a Director at PwC. He has over 33 years of extensive and diversified public and private sector …
Jenny Clark is a Director with Solvability, a practice of the regional Decosimo accounting and advisory firm focused on consulting …
Jeff Chiow focuses on government contracts and investigations in the Washington, DC office of Rogers Joseph O'Donnell. He has represented …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
144766
NASBA Field of Study:
Auditing
NY Category of CLE Credit:
Areas of Professional Practice
Total Credits:
2.0 CLE
2.0 CPE (Not eligible for QAS (On-demand) CPE credits)
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SPEAKERS' FIRMS:
EY
About EY
For more than 25 years, EY’s Government Contracts Services (GCS) professionals have helped companies deal with the challenges and requirements that are part of doing business with the government. We help you navigate the strict rules and regulations so you can secure government contracts that meet your business objectives and enhance your revenue. Our clients benefit from our experience with government contract approaches. We help you make the most of your contract and advise you on approaches that can help to mitigate the risk of contract noncompliance.
Website: https://www.ey.com/
About PwC
About PwC’s Forensic Services
PwC's Forensic Services team of experienced professionals is dedicated to meeting the challenges caused by fraud allegations, financial crimes and other irregularities. Our portfolio of services includes: Financial Crime Examinations, Forensic Technology Solutions, Regulatory Compliance Reviews, Fraud Risk Management and Prevention and Dispute Analysis. Visit www.pwc.com/us/forensics for more information.
About PwC US
PwC US helps organizations and individuals create the value they're looking for. We're a member of the PwC network of firms in 157 countries with more than 184,000 people. We're committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com/US. Gain customized access to our insights by downloading our thought leadership app: PwC's 365™ Advancing business thinking every day.
Website: https://www.pwc.com/us
About Decosimo Solvability, LLC
Decosimo is a Top 100 accounting and business advisory services firm with approximately 300 professionals and staff across the U.S. and Cayman Islands. Each of Decosimo's offices provides a full range of tax, accounting and business advisory services to a wide array of industries.
Decosimo’s Solvability practice helps government contracting clients compete, comply and capitalize by determining indirect rates to find the most competitive pricing strategies; implementing DCAA-compliant accounting systems; and identifying methods to maximize income and returns for business owners.
Website: https://solvability.com/
About Rogers Joseph O'Donnell
Rogers Joseph O'Donnell (RJO) is a boutique litigation firm that has, for over thirty years, been committed to excellence in serving public contractors. Chambers USA has recognized RJO among the top ten government contracts practices in the country for over a decade. RJO was established in 1981 on the idea that a smaller law firm built around good people focused on solving client problems is a better way to practice law. Today RJO has about 35 attorneys between its San Francisco and Washington, DC offices, and boasts an excellent roster of clients who trust RJO with their most challenging problems.
Website: https://www.rjo.com/