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Join highly experienced faculty for this practical and informative two-day program focusing on cost allowability, allocability, and reasonableness under the Federal Acquisition Regulation.

Some featured topics of discussion:

  • Penalties for unallowable costs are on the rise. Learn when penalties are appropriate and when they must be waived.  
  • Learn about “Gray area” costs that have proven to be a frequent source of dispute between contractors and government auditors.  
  • How does the statute of limitations affect the government’s ability to disallow costs?  
  • To what extent must contractors retain records beyond the FAR records retention requirements in order to support an untimely government audit?

Click here for a more detailed agenda.

Dates and Locations

This course will be scheduled soon. Please enter your information below to receive a notification when the class is scheduled.

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9:00 AM - 4:00 PM
All Locations
Daily Schedule
9:00 AM – 4:00 PM

Day 1
(with two, 15-minute breaks and Lunch from 12:00 to 1:00pm)
Cost Principles Overview and General Cost Principles for Contracts with Commercial Organizations, Penalties for Unallowable Costs, Record-Keeping Requirements and the Statute of Limitations
FAR 31.205-1, Public Relations and Advertising Costs
FAR 31.205-3, Bad Debts
FAR 31.205-4, Bonding Costs
FAR 31.205-6, Compensation Costs 
FAR 31.205-7, Contingencies
FAR 31.205-12, Economic Planning Costs
FAR 31.205-13, Employee Morale, Health, Welfare, Food Service, and Dormitory Costs and Credits
FAR 31.205-14, Entertainment Costs
FAR 31.205-15, Fines, Penalties, and Mischarging Costs
FAR 31.205-17, Idle Facilities and Idle Capacity Costs
FAR 31.205-18, Independent Research and Development and Bid and Proposal Costs
FAR 31.205-48, Deferred Research and Development Costs
FAR 31.205-25, Manufacturing and Production Engineering Costs
FAR 31.205-20, Interest and Other Financial Costs
Day 2
(with two, 15-minute breaks and Lunch from 12:00 to 1:00pm)
FAR 31.205-21, Labor Relations Costs
FAR 31.205-22, Lobbying and Political Activity Costs
FAR 31.205-23, Losses on Other Contracts
FAR 31.205-24, Maintenance and Repair Costs
FAR 31.205-26, Material Costs
FAR 31.205-27, Organization Costs
FAR 31.205-28, Other Business Expenses
FAR 31.205-29, Plant Protection Costs
FAR 31.205-30, Patent Costs
FAR 31.205-32, Precontract Costs
FAR 31.205-34, Recruitment Costs
FAR 31.205-35, Relocation Costs
FAR 31.205-33, Professional and Consultant Service Costs
FAR 31.205-47, Costs Related to Legal and Other Proceedings
FAR 31.205-36, Rental Costs
FAR 31.205-37, Royalties and Other Costs for Use of Patents
FAR 31.205-38, Selling Costs
FAR 31.205-39, Service and Warranty Costs
FAR 31.205-30, Special Tooling and Special Test Equipment
FAR 31.205-31, Taxes
FAR 31.205-42, Termination Costs
FAR 31.205-43, Trade, Business, Technical, and Professional Activity Costs
FAR 31.205-33, Training and Education Costs
FAR 31.205-46, Travel Costs
FAR 31.205-49, Goodwill
FAR 31.205-51, Costs of Alcoholic Beverages

ERICA J. GEIBEL, Smith Pachter McWhorter PLC
Ms. Geibel is a senior associate at the law firm of Smith Pachter McWhorter PLC.  She represents clients in both the government contracts and construction practice areas. Ms. Geibel’s government contracts experience includes work on costing and pricing issues involving cost allocability and allowability, contractor responsibility and integrity issues, internal investigations, Foreign Corrupt Practices Act compliance counseling, False Claims Act issues, small business issues, contract claims and disputes, bid protests, Service Contract Act disputes, contract negotiations, contract review and contract drafting.  Ms. Geibel has significant experience in the area of compliance and regularly reviews ethics and compliance programs, assists in training, and evaluates and tests internal controls.  

Ms. Geibel graduated cum laude from the George Mason University School of Law.  She is an active member of the ABA Section of Public Contract Law and is Co-Chair of the Fairfax Bar Association Government Contracts Section. 
KATHRYN T. MULDOON, Smith Pachter McWhorter PLC
Ms. Muldoon represents clients in the government contracts and construction practice areas.  Her experience includes contract claims and disputes, bid protests, resolution of prime-subcontractor disputes, audits and investigations, procurement fraud, government contract cost accounting, cost allowability, Cost Accounting Standards, Buy America issues, development of contractor ethics and compliance programs, and representation of contractors who have been suspended or proposed for debarment.  She is experienced in the conduct of internal investigations and employee interviews pertaining to compliance issues and in support of independent monitor engagements.  

Pepperdine University School of Law (J.D., May 2006) 
University of Virginia – McIntire School of Commerce (B.S. Commerce – Accounting Concentration, May 2002)
KRISTIN TORCASI, PricewaterhouseCoopers
Kristin Torcasi is as Director in the Government Contracts Practice of PricewaterhouseCoopers, LLP in Washington, D.C. She has experience in a wide range of government contract accounting areas, including business system compliance reviews from design to remediation plans; preparation of incurred cost proposals and forward pricing rates; application of Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS); CASB Disclosure Statement preparation; cost impact analyses; cost allowability matters; policy and procedure preparation related to contractor internal controls; and litigation support analyses related to cost accounting structure compliance.

Kristin has a B.S. in Accounting from Elon University and is a Certified Public Accountant in Virginia.
STEPHEN D. KNIGHT, Smith Pachter McWhorter PLC
Mr. Knight has practiced government contract law in excess of 35 years, counseling and litigating on behalf of clients in all aspects of that specialized practice.  He has significant experience in claims and disputes, with special emphasis on costing and pricing issues involving cost allocability and allowability, Cost Accounting Standards, defective pricing under the Truth in Negotiations Act, and government audits.  Mr. Knight has substantial experience in compliance issues pertaining to government contractors and frequently assists clients in evaluating the requirement and manner of making disclosures to the government.  He has conducted compliance reviews for clients, assisting in reviewing and evaluating internal controls, conducting training and evaluating specific compliance issues such as business systems and socio-economic requirements in government contracts.  Mr. Knight represents prime contractors as well as subcontractors, and is experienced in ascertaining the necessary government contract requirements for inclusion in subcontracts.

University of Virginia School of Law (J. D., 1978)
University of Virginia (B.A., 1975) With Honors
SUZANNE ROSKE, PricewaterhouseCoopers
Suzanne Roske is a Partner in the Government Contracts Practice of PricewaterhouseCoopers, LLP in Washington, D.C. Ms. Roske specializes in assisting clients in the areas of business consulting / strategic initiatives, transaction services and regulatory compliance actions.

Suzanne has a B.S. in Accounting from Syracuse University and is a Certified Public Accountant in the District of Columbia.
Certificates of Completion are provided to all seminar participants who attend Federal Publications Seminars courses following the event, upon request.
All Federal Publications Seminars courses meet the course requirements of the National Contract Management Association’s certification programs. We are a proud Education Partner of the NCMA.
Federal Publications Seminars is part of West Professional Development, which is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
This Program is eligible for: 13.0 (CPE) hours of credit
Program Level: BAsics
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
Defense Acquisition Workforce members must acquire 80 Continuous Learning Points (CLP) every two years from the date of entry into the acquisition workforce for as long as the member remains in an acquisition position per DoD Instruction 5000.66. We will provide you with documentation of points awarded for completing the event.
This Program is eligible for: 11.0 (CLP) hours of credit
States have widely varying regulations regarding MCLE credit. LegalEdcenter is an approved provider in AL, AK, AR, CA, GA, IL, ME, MO, MS, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, VI, VT, WA, WI, and WV. Credit may be applied for in other jurisdictions on request and in accordance with state MCLE rules.
** Please note that because some states are changing their policy on CLE reporting, you will need to fill out the request for credit from Federal Publications Seminars within 10 business days, or we may not be able to issue credits for the program.
This Program is eligible for: 11.0 (60 minutes), 13.0 (50 minutes)
Basic or fundamental subject matter is covered. Courses are geared to general knowledge or can be taken as a refresher.
Specific topics or issues within a topic area are covered. Students should be familiar with terms of art and general concepts concerning the course topic.
Workshops and class discussions cover specific subject matter in-depth, and participation is strongly encouraged. Attendees should have at least 2-3 years' experience in the area of study.
Courses build upon students' knowledge and experience, and cover complex issues within the subject matter. Should have 4-5 years' mastery of subject for in-depth analysis.
Masters-level programs designed for professionals with 5+ years' experience. Courses cover in-depth and technical analysis on specific subjects and updates on current issues.
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