Gain insight into federal contract auditing, including FAR/CAS compliance, quantitative audit techniques, and price proposal analysis. This course is great for Auditors and contracting professionals.
Overview
Syllabus
Module 1: Overview of Contract Auditing
- Objectives of Contract Auditing
- Role of the Contract Auditor in the Procurement Process
- Types of Awards
- Types of Contracts
- Types and Objectives of Contract Audits
Module 2: Federal Acquisition Regulations (FAR)
- Purpose and Structure of FAR
- Overview of FAR Part 31, Contract Cost Principles
- FAR Provisions Regarding Contract Audit Activity
- Allowability of Costs
Module 3: Cost Accounting Standards (CAS)
- Purpose of CAS
- CAS Coverage and Disclosure Statement Determination
- Overview of CAS 401, 402, and 418
Module 4: Allocation of Costs
- Direct vs. Indirect Costs
- Determining Overhead Rates
- Allocating Indirect Costs to Contracts
Module 5: Quantitative Techniques
- Audit Applications of Quantitative Techniques
Module 6: Performing a Price Proposal Audit
- Planning for the Audit
- Review of Proposal and Data Submitted by the Contractor
- Review of Direct and Indirect Costs
- Preparing Recommendations for the Contracting Officer
Module 7: Performing the Historical Cost Audit
- Planning for the Audit
- Review of Direct Costs
- Review of Indirect Costs and Rates
- Preparing Recommendations for the Contracting Officer
Taught by
Mark Gebicke, Penny Popps, and Lyndon S. Remias
