Getting Ready for DCCA Audit for Contracting Success 2020

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Getting Ready for DCCA Audit for Contracting Success 2020

January 16, 2020 @ 8:30 am - 12:00 pm at I Global University

Virginia Asian Chamber of Commerce Hosts:

Getting Ready for DCCA Audit For Contracting Success 2020

Thursday, January 16, 2020 from 8:30 am to 12:30 pm

Location: I Global University  8133 Leesburg Pike # 230, Vienna, VA 22182

Register: https://gettingreadyforddca.eventbrite.com

To start off a new year, grow your business through federal contracting!

You are invited to join us for this invaluable training designed for businesses currently performing on government contracts or those small business that are interested in obtaining federal contract awards.

$20 FOR MEMBERS * $40 FOR PROSPECTIVE MEMBERS * INCLUDING BREAKFAST + SNACKS + PARKING

Date: 1/16/2020
Time: 8:30am- 12:30 pm
Location: I Global University, 8133 Leesburg Pike # 230, Vienna, VA 22182
Parking: Free parking

In government contracting, the stakes are high. Our half day training gives you the knowledge and skills you need to comply and succeed. We are pleased to once again be working with leading federal contracting agency and private sector experts to produce our annual Contracting Technical Assistance Seminar designed to assist you the government contractors with audit issues that relate to small businesses.

Topics

Understanding DCAA
Government Contract Audits:

Why DCAA Audit? Pre award accounting system
Time & Material Contracts

Cost Plus Fixed Fee Contracts
Getting Ready for DCAA Audit
Q & A

Introduction and DCAA Overview

The presentation will provide an overview of the Defense Contract Audit Agency including the responsibilities and duties. The types of DCAA audits that can be performed throughout the various phases of a contract will be discussed. Finally, participants will learn about the DCAA Internet resources and presentations that are available.

Accounting System Requirements

The presentation will provide an overview of the preaward accounting system design review process. Participants will learn what occurs prior to the award of a cost-type contract, what is contained in the SF 1408, and what the applicable DFARS regulations say with regard to what comprises an acceptable accounting system. Total contract costs, including direct costs and indirect costs will be discussed. Examples of typically seen indirect rates will be provided as well as a discussion of selecting a proper allocation base will also be provided. Participants will learn about the FAR Part 31 clauses that cover allowability, allocability, and reasonableness as well as concepts such as Contract Terms, Accounting for Contract Costs, Labor System, Timekeeping, Unallowable Costs, Cost by Contract Line Item, Billings, Cost Accounting Information, and Management Reviews/Internal Audits along with the applicable DFARS clauses. Finally, some common deficiencies will be discussed.

Proposal Adequacy

The presentation will provide an overview of how proposal adequacy is determined through discussions on FAR Part 15, Table 15-2 and DFARs 252.215-7009.

The presentation will discuss proposal adequacy requirements for cost elements such as Direct Labor, Material, Subcontracts, Other Direct Costs (ODCs), and Indirect Rates. Finally, participants will learn about historical data considerations, FAR Part 31 Unallowable Costs, common proposal deficiencies, and regulatory resources to assist with proposal development.

DCCA INSTRUCTOR:

Joseph F. Greger, Senior Financial Liaison Advisor/Small Business Program Manager, DCAA, Audit Liaison Division, DCCA

Bio: Mr. Greger serves as the program manager and audit expert for the small business program with responsibility to provide assistance, consultation and internal control with regard to audit requirements and their application to small business.
For th past 3 years at the Defense Contract Audit Agency. For 4 years he was program manager and audit expert for the small business program with responsibility to provide assistance, consultation and internal control with regard to audit requirements and their application to small busines at Fort Belvoir.  He also served as the program manager and audit expert for the small business program with responsibility to provide assistance, consultation and internal control with regard to audit requirements and their application to small business. He also was the Audit Manager performing mobile audit work at all small businesses within designated geographic areas. He oversaw the planning and performance of Department of Defense (DoD) contract audit work and supported non-DoD agencies and certain foreign governments. He provided accounting and financial advisory services regarding contracts and subcontracts to DoD components responsible for acquisition and contract administration. He oversaw the planning and performance of Department of Defense (DoD) contract audit work and supported non-DoD agencies and certain foreign governments. He provided accounting and financial advisory services regarding contracts and subcontracts to DoD components responsible for acquisition and contract administration. As Audit Supervisor, he led a team of 4-6 auditors performing audits in compliance with FAR, DFARS, and CAS. Counseled, coached, and advised teammates on audit topics including audit risk determination, appropriate documentation of auditor judgment, materiality and communications with stakeholders including our customers, the contractor representatives, and other DCAA personnel. Ensured that audit planning, performance, and reporting were in accordance with GAO Yellow Book and agency guidance.

He examined and appraised financial records, reports, management controls and policies and procedures that reflect Department of Defense contractors’ and other federal agency contractors’ financial condition. Developed risk analysis and detailed procedures for the conduct of audit assignments and performing audits in accordance with the procedures described in the Defense Contract Audit Manual, applicable procurement regulations such as FAR, DFAR, CAS and generally accepted government auditing.

Education

Harvard University – Certificate in Driving Government Performance: Leadership Strategies that Produce Results

2018 – 2018- Awarded a certificate of completion for the Driving Government Performance: Leadership Strategies that Produce Results Program, December 2018, John F. Kennedy School of Government at Harvard University, Executive Education.

He was awarded a certificate of completion for the Driving Government Performance: Leadership Strategies that Produce Results Program, December 2018, John F. Kennedy School of Government at Harvard University, Executive Education.

California University of Pennsylvania: He obtained a Master of Business Administration (MBA)Accounting and Finance

 

AHMAD ASSOCIATES INSTRUCTOR:

Mr. Shad Ahmad, CPA, MBA, CGFM – President

Mr. Ahmad is a partner in the accounting firm of Ahmad Associates Ltd (AAL), a professional corporation of certified public accountants and management consultants. He is a duly licensed CPA with 25 years of public accounting experience. He provides executive oversight on all of the Firms projects including Commerce’ contract for contract audit services. He is a graduate of Virginia Commonwealth University with MBA from Southern Illinois University – Edwardsville. He is an author of two articles published in trade publications on issues facing non-profits. He also served on the adjunct faculty of Averette University where he taught Financial Accounting and Cost Accounting to both graduate and undergraduate students.

Training  Curriculum overview:

Component 1: Introduction and DCAA Overview:

The presentation will provide an overview of the Defense Contract Audit Agency including the responsibilities and duties.  We will cover the types of DCAA audits that can be performed throughout the various phases of a contract will be discussed.  Finally, participants will learn about the DCAA Internet resources and presentations that are available.

Component 2: Accounting System Requirements

The presentation will provide an overview of the pre-award accounting system design review process.  Participants will learn what occurs prior to the award of a cost-type contract, what is contained in the SF 1408, and what the applicable DFARS regulations say with regard to what comprises an acceptable accounting system.  Total contract costs, including direct costs and indirect costs will be discussed.  Examples of typically seen indirect rates will be provided as well as a discussion of selecting a proper allocation base will also be provided.  Participants will learn about the FAR Part 31 clauses that cover allowability, allocability, and reasonableness as well as concepts such as Contract Terms, Accounting for Contract Costs, Labor System, Timekeeping, Unallowable Costs, Cost by Contract Line Item, Billings, Cost Accounting Information, and Management Reviews/Internal Audits along with the applicable DFARS clauses.  Finally, some common deficiencies will be discussed.

Proposal Adequacy:

The presentations will provide an overview of how proposal adequacy is determined through discussions on FAR Part 15, Table 15-2 and DFARs 252.215-7009.

The presentation will discuss proposal adequacy requirements for cost elements such as Direct Labor, Material, Subcontracts, Other Direct Costs (ODCs), and Indirect Rates.  Finally, participants will learn about historical data considerations, FAR Part 31 Unallowable Costs, common proposal deficiencies, and regulatory resources to assist with proposal development.

Details

Date:
January 16, 2020
Time:
8:30 am - 12:00 pm
Website:
https:/gettingreadyforddca.eventbrite.com

Organizer

Virginia Asian Chamber of Commerce
Phone:
(804) 502-8081
Email:
aabac@aabac.org
Website:
aabac.org

Venue

I Global University
8133 leesburg pike - 2nd floor
Vienna, VA 22182 United States
+ Google Map
Website:
www.igu.edu