DCAA “Hot Buttons” : An Update

Broadcast Date: Tuesday, October 29, 2013 from 12:00 pm to 2:00 pm (ET)

Overview:

The Defense Contract Audit Agency’s (DCAA) moves to expand the audit scope for entities must be taken seriously as there are many potential penalties for non-compliance. This live webcast will help companies identify certain hot buttons during the audit process helping to avoid some of the many pitfalls.

The Knowledge Group has assembled a panel of speaker practitioners and thought leaders to help walk you through the essentials of this topic. They will help you understand “Hot Button” issues in a two-hour LIVE webcast.

Key topics covered:

Best Practices for Managing the DCAA Audit Process
Managing the government’s access to employees in connection with fraud detection and routine audits
Strategies for managing DCAA audits in response to recent statute of limitations cases
Managing the Government’s Access to Contractor Internal Audit Reports
What is the current status of Contractor Business System compliance reviews?

Agenda:

SEGMENT 1:
James W. Thomas, Partner, Government Contracts Practice,
PwC

Recent DCAA audit activity covering compliance with Cost Accounting Standards
Common CAS Disclosure Statement audit findings and strategies for corrective actions
New areas of focus by DCAA in pre-award audits

SEGMENT 2:
Thomas N. Tagle, Partner,
Baker Tilly Virchow Krause, LLP

Review of DCAA Audit Trends Past and Present (2001 through 2012 DCAA stats as reported to Congress)
Best Practices for Managing the DCAA Audit Process
Update on recent MRDs:
- Audit Alert on Access to Contractor Employees
- Audit Alert on Testing to Payment – Testing Contractor Compliance with Certain Sections of FAR 52.216-7, Allowable Cost and Payment Clause during Incurred Cost Audits
- Audit Alert Alternate Procedures for Labor When Real-Time Testing of Labor not Performed (MAAR 6)

SEGMENT 3:
David Nadler, Partner,
Dickstein Shapiro LLP

Managing the government’s access to employees in connection with fraud detection and routine audits
Strategies for managing DCAA audits in response to recent statute of limitations cases
Managing the Government’s Access to Contractor Internal Audit Reports
How DCAA applies the DOD “fraud indicators” to refer audit issues to agency IGs and DOJ

SEGMENT 4:
John Kreideweis, Partner ,
KL Contract Consulting

What is the current status of Contractor Business System compliance reviews?
What is the Government’s current decisional process (and who are the players) for Business System compliance demonstrations, reviews, and decisions? (What are the politics involved?)
What approach(es) has (have) been successful toward obtaining approval of Contractor Business Systems?
Who determines Commercial Item contracting (FAR Part 12) status, and what supporting documentation has been successful in supporting commercial item decisions?

SEGMENT 5:
Gunjan R. Talati, Senior Attorney,
Reed Smith LLP

A discussion of continued DCAA quality issues including a DoD IG report from earlier this year finding multiple problems with audits.
DCAA’s renewed focus on communications during audits including discussing potential audit findings with the contractor.
Impacts of the tough fiscal times on DCAA’s backlog. Contractors should understand the backlog and its relation to statute of limitations for document retention purposes.
An update on DCAA procedures regarding executive compensation in the wake of certain decisions.
A brief update on DCAA business systems reviews.