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New provisions may benefit contractors. In early December 2016 the Senate passed the 2017 National Defense Authorization Act increasing defense spending to $619 Billion. Within that bill, there are a number of items that contractors will need to pay close attention to including in Section 893 which allows the DoD to authorize contractors to utilize third party reviews of business systems covered by the DFARS Business System rules. This change, may be a benefit to many contractors as well as further reduce systems audit backlogs by DCAA. However, there are a lot of questions about this new process, particularly how the NDAA requirements will be implemented in regulation. Join us as presenters from Capital Edge Consulting discuss:
  1. Background of Amendment
  2. Regulatory Status and Questions That Must Be Answered
  3. Contractors Who Might Benefit
  4. Next Steps for Contractors
You will gain an understanding of Section 893 of the 2017 National Defense Authorization Act directing the Department of Defense to allow contractors to utilize third party reviews of business systems covered by the DFARS Business system rules. Discussion will include identification of potentially benefitting classes of contractors and observations on next steps for both contractors and the DoD.
About Our Presenter ...
William Keating, CPA
Managing Director, Capital Edge Consulting

William J. Keating has over 35 years of consulting experience, and is a government contracts expert with a strong background in accounting, business systems and compliance advisory for aerospace and defense clients, and other government contractors.
Bill’s areas of expertise include Federal Acquisition Regulation (FAR), Federal Agency FAR Supplements, Office of Management and Budget (OMB) Super Circular, Cost Accounting Standards (CAS), and Federal Supply Schedules. He has advised organizations on government audits, business systems compliance, claims preparation, contract disputes and investigations.
About Our Presenter ...
Craig Stetson, Managing Director/Government Contract Regulatory Compliance Practice
Capital Edge Consulting

Craig Stetson has over 25 years of direct experience in government contract accounting, pricing, subcontract management, regulatory and federal contract compliance, business system implementation, and internal control oversight. His industry experience includes aerospace and defense, manufacturing, construction, architecture and engineering, information and communications, higher education, and not-for-profits.

Craig is experienced in a wide range of cost accounting and regulatory compliance matters related to government contracts and grants, including claims preparation and negotiation; cost allowability; application of Federal Acquisition Regulation (FAR) and OMB Circular requirements; accounting and business systems assessment related to government contract compliance requirements, internal control sufficiency and overall self-governance; cost estimating, accounting and auditing of federal contracts and grants; and, application and interpretation of Cost Accounting Standards (CAS).

Prior to joining Capital Edge, Craig was a director at PricewaterhouseCoopers, Baker Tilly Virchow Krause, Navigant Consulting, and KPMG. He began his career as an auditor for the Defense Contract Audit Agency (DCAA).