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Overview
What contract professionals must know about internal control compliance. The class will cover leading internal control practices and demonstrate how a standard methodology to approaching compliance can be leveraged to improve effectiveness and efficiency.
The course includes coverage of current events impacting internal control requirements, application of internal controls under proven programs such as Sarbanes-Oxley 404, government business systems including DCAA’s Internal Control Audit Programs (ICAPS), contractor code of business conduct and ethics, and more. This class will assist in strengthening your compliance program by examining the leading internal control practices and demonstrate how you can incorporate those practices into your own compliance efforts.
The course is designed for Government Contractors but will benefit commercial firms as well. Those who should attend include corporate compliance professionals, legal advisors, senior accounting/finance professionals and internal audit professionals. The courses purpose is to provide you with insight and practical approaches to internal control and risk management compliance platforms. The key control environment is analyzed for both financial reporting and Government Contract compliance.
This will be accomplished through a distinguished faculty of practitioners with hands-on experience in all aspects of internal controls for government contractors as well as SOX 404 experience with commercial firms. Their background sketches and a comprehensive course outline follow.
We look forward to your participation. |
Dates and Locations
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October 24-25, 2012
L'Enfant Plaza Hotel
Washington, DC
$1025.00
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Accreditation
This Program is eligible for:
11.0 (60 minute)
13.2 (50 minute)
This Program is eligible for:
13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
This Program is eligible for:
11.0 (CLP) hours of credit
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Daily Schedule
9:00 AM - 4:00 PM
Agenda
1. The Federal Contractor Compliance Profile
a. Cost Accounting Systems
b. Contract Administration
c. Compliance Risk
2. Internal Control Methodologies Background
a. Background on Internal Controls
b. Internal Control Requirements Under Sarbanes-Oxley Section 404
c. Internal Control Requirements for Federal Contractors
3. COSO Framework for Internal Controls
* Control Environment
*Risk Assessment
* Control Activities
* Information and Communication
* Monitoring
4. Demonstrated Internal Control Application - SOX 404 Financial Reporting
a. Planning and Scoping
b. Document Controls (key control discussion)
* Example documentation
c. Evaluate Design Effectiveness
d. Evaluate Operating Effectiveness (Testing)
e. Identify and Correct Deficiencies
f. Management Report on Internal Controls
g. Independent Audit on Internal Controls
5. Internal Control Application - DFARS Business Systems
a. Accounting System Administration
b. Earned Value Management Systems
c. Estimating System
d. Material Management and Accounting Systems
e. Property Management System
f. Purchasing System
6. Internal Control Application - DCAA Business Systems
a. Billing
b. Budgeting and Planning Systems
c. Control Environment and Overall Accounting Controls
d. Information Technology System General Internal Controls
e. CPSR/Purchasing System
f. Material Management and Accounting Systems
g. Labor
h. Compensation
i. Indirect and Other Direct Costs
j. Estimating
k. Other Direct Costs
7. Internal Control Application – Other Areas
a. Contractor Code of Business Ethics and Conduct
b. American Recovery and Reinvestment Act
c. GSA Federal Supply Schedule
d. International Traffic in Arms Regulations (ITAR)
e. Foreign Corrupt Practices Act (FCPA)
8. Leveraging Government Contract Compliance Programs
a. Establish one compliance program and methodology
b. Many "key controls" among compliance programs are the same
c. Leverage controls and document, test, remediate
d. Enhanced compliance
e. Cost/benefit return
9. Managing Data Control
Course Faculty
John Van Meter is a Managing Director with Navigant Consulting, Inc. and is a national leader of their Government Contractor Practice. Previously, Mr. Van Meter was with KPMG for over 15 years and as a Managing Director with KPMG's Risk and Advisory Services provided buyers and sellers federal contract compliance, business system implementation and internal control oversight services.
Mr. Van Meter has directed significant SOX 404 projects for both commercial Fortune 500 firms and large government contractors. He brings a unique teaching perspective to this course through his knowledge and understanding of both government compliance programs and the SOX 404 internal control environment. Mr. Van Meter's SOX work has included all aspects of engagements from planning and scoping through evaluation of control deficiencies and the migration from manual detective controls to automated preventive controls.
In addition to his SOX 404 work, Mr. Van Meter works with defense contractor clients, focusing on procurement support, contract administration, cost accounting standards, accounting and pricing issues and self-governance programs. He has a bachelors degree from Arizona State University, is a CPA and a member of the National Contract Management Association (NCMA).
John Dyer is the founder and owner of a CPA firm focusing on assisting clients in managing their business risks and regulatory compliance requirements. He has extensive qualifications working with entities doing business with the public (government) sector. His firm's primary services are government contract accounting consulting and Sarbanes-Oxley (SOX) Section 404 consulting. Mr. Dyer's firm was selected to assist a major city in implementing 121 remedial items to reform the City's financial and managerial systems.
Prior to starting his firm, Mr. Dyer was a Senior Manager with KPMG's Government Contractor Practice. While with KPMG, he managed SOX 404 projects for both commercial Fortune 500 firms and large government contractors. He brings a unique teaching perspective to this course through his knowledge and understanding of government compliance programs and the SOX 404 internal control environment. Mr. Dyer's SOX work has included all aspects of engagements from planning and scoping through evaluation of control deficiencies and the migration from manual detective controls to automated preventive controls.
Mr Dyer's experience includes positions as an instructor of Managerial Accounting at MiraCosta College and he was a Senior Auditor with the Defense Contract Audit Agency (DCAA). He has a masters degree from San Diego State University, a bachelors degree from Humboldt State University, is a CPA and a member of the American Institute of CPAs (AICPA) and the National Contract Management Association (NCMA).
Accreditation
This Program is eligible for:
11.0 (60 minute)
13.2 (50 minute)
This Program is eligible for:
13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
This Program is eligible for:
11.0 (CLP) hours of credit
L'Enfant Plaza Hotel 480 L'Enfant Plaza SW
Washington, DC 20024
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Register Now for:
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Register Online
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| October 24-25, 2012 |
Washington, DC |
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By Phone
Call (888) 494-3696
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