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Join Federal Publications Seminars with GovCon industry experts James Thomas and Thomas Reynolds of PricewaterhouseCoopers (PwC) for this fourth in a seven-part series on Contractor Business Systems. 

This program is an in-depth look at Accounting System Administration as outlined in DFARS 252.242-7006. 

This 75-minute program will explore the government contracting compliance challenges of establishing a compliant accounting and billing system, including: 
Applicability of accounting system requirements 
DFARS criteria/requirements for an acceptable accounting system 
Approaches to maintain a compliant accounting and billing system 
Discussion of common DCAA audit findings 
Addressing system deficiencies and developing corrective action plans 

This program is not available for CLE, CPE, CLP or other credits as a live program. 
About Our Presenters
James W. Thomas, Washington Metro Advisory Government Contracts Partner

Mr. Thomasis aPartner in the McLean, Virginia office of PricewaterhouseCoopers LLP. With 30 years of consulting experience, he has responsibility for delivering advisory services in areas such as compliance, finance effectiveness, operations, technology, human capital, due diligence,investigations and disputes. He is a frequent speaker at industry events, a subject matter expert in government contracting and an author of many industry publications.

Mr. Thomas provides advice to clients on the requirements of government contractsincluding the Federal Acquisition Regulation and Cost Accounting Standards. He provides expert accounting services to law firms representing clients involved in government contract disputes such as quantification of damages, defective pricing, cost recovery claims, labor charging, purchase price disputes and other accounting matters. He has provided expert testimony in cases involving cost disputes and bid protests.

BS in Accounting-Pennsylvania State University
Certified Public Accountant (Virginia and District of Columbia) 
About Our Presenters ...
Thomas L. Reynolds, Washington Metro Advisory Government Contracts Partner

Tom Reynolds has over 10 years of experience in providing government contracts consulting services to clients in the aerospace and defense, construction, manufacturing, professional services, and healthcare industries.  Tom has a wide range of experience in providing consulting services to clients in the areas of FAR/CAS compliance, business systems assessments, preparation of claims/REAs, litigation support services, cost allowability, preparation of CASB Disclosure Statements, revenue recognition matters, and procurement reviews/CPSR preparation services.

Tom has performed various DFARS Contractor Business Systems assessments with a particular emphasis on the accounting, estimating, and purchasing systems.  Tom assisted a multi-billion dollar aerospace and defense contractor assess its readiness for estimating, billing, and labor system reviews.  Tom's efforts involved conducting interviews with client personnel, reviewing policies and procedures, documenting the contractor's processes and internal controls, and preparing a risk assessment template documenting areas for improvement that the contractor would need to remedy prior to potential audits being conducted. Tom briefed senior members of management and developed a series of recommendations to help mitigate compliance risks going-forward.

B.S., Business Management/Accounting, Spring Hill College
M.S., Accountancy, University of Notre Dame
Certified Public Accountant (Virginia)