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Overview

While government contractors and the rest of the world are working their way through a more challenging and remote work environment, so are government auditors. DCAA and DCMA continue to focus on evaluating contractor business systems and internal controls. Whether your company has an upcoming audit, or could simply use a health check on its system of controls, this course will help you prepare to evaluate your system’s audit readiness and provide strategies for enhancement. Your instructors will provide insight into best practices and recommendations for developing the documentation and tools needed to demonstrate your company’s compliance with contract requirements and audit expectations.  DCAA’s Report to Congress disclosed its intention to focus more effort on business systems in the upcoming year, so prepare now for success tomorrow.

This interactive course will teach participants how to assess and remediate their company’s business systems and demonstrate compliance to Government auditors.  It will address the history of contractor business systems, how to assess a business system for compliance with Government requirements, how to develop new compliant policies and procedures, and how to monitor and maintain business system internal controls.  Participants will practice documenting business system processes, revising policies and procedures, and identifying key process internal controls.  The course will instruct participants on how to walk Government auditors through business processes, documentation, and internal controls in order to demonstrate compliance with Government requirements after their business systems have been revised.


Who should Attend

This course is designed for those basic knowledge of business systems, audits and compliance programs but needs to incorporate the practical with the knowledge base.   Those in the following positions are encouraged to attend including but not limited to:
• Compliance Officers
• Accounting/Finance Administrators, Managers, Directors, VPs
• Contract Administrators, Directors, Managers, VPs

Learning Objectives: 

After completing this course, you will be able to:

  • Assess the business system’s requirements based on the DFARS rules 
  • Document the process and the internal controls
  • Conduct an internal audit on the business systems 
  • Respond to a Business Systems Audit with correct documentation
  • Communicate, defend and report out on audit results related to the business systesm
  • Document business system processes and internal controls
  • Demonstrate, to DCAA and DCMA, how their business systems’ processes and internal controls ensure compliance with the DFARS business systems’ criteria
  •  Monitor and maintain business systems’ compliance
Dates/Locations
May 4-5, 2021
Hyatt Regency La Jolla at Aventine
La Jolla, CA
Travel Info
Standard: $1,375.00
Premium: $1,770.00
Register
Agenda
Day 1
8:00 AM - 3:00 PM
La Jolla Government Contracts Week
9:00 AM - 4:00 PM
All Other Locations
 
Day 2
8:00 AM - 11:00 AM
La Jolla Government Contracts Week
9:00 AM - 12:00 PM
All Other Locations

DAY 1
I.    Introductions 
II.    Business Systems Background
III.    Business System Requirement Overview
a.    Requirement Background
b.    Common System Requirements
c.    Requirements Comparison
d.    Significant Deficiency Findings
IV.    Business System Audit Expectations
a.    Compliance Risks
b.    Documentation Requirements
c.    Information Requests
V.    Assessing the Adequacy of Business Systems
a.    System Evaluation Overview
b.    Determining System Requirements
I.    Assessing the Adequacy of Business Systems (cont.)
a.    Internal Control Overview
b.    Identify Internal Control Gaps
c.    Policy & Procedure Reviews
d.    System Compliance Gaps
II.    Remediation Process
a.    Develop Internal Controls
b.    Update Policies & Procedures
c.    Develop Compliance Tools
III.    Group Exercise

DAY 2

I.    Building Compliance Documentation
a.    Internal Control Requirements Matrix
b.    Policies & Procedures
c.    System Process Flows
II.    Group Exercise
III.    Monitoring & Maintenance
a.    Internal Control Testing
b.    Training
c.    Policy & Procedure Monitoring
d.    Compliance Reporting
IV.    System Disapproval Administrative Procedures
V.    Payment Withholds Overview
VI.    Wrap Up

 

Accreditation
See Individual Courses For Available Credits
Certificates of Completion are provided to all seminar participants who attend Federal Publications Seminars courses following the event, upon request.
CPE: Continuing Professional Education
Field of Study: Specialized Knowledge
Delivery Method: Group-Live Classroom
Federal Publications Seminars is affiliated with West Professional Development and 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 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: www.nasbaregistry.org.
For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.
CPE Hours
This program is eligible for: 9.5 (CPE) hours of credit
Program Level: Advanced
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
CLP: Continuous Learning Points
Approved for CLP by Defense Acquisition University
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.
CLP Hours
This program is eligible for: 8.0 (CLP) hours of credit
CLE: Continuing Legal Education
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.
CLE Hours
This program is eligible for: 8.25 (60 minutes), (50 minutes)
Travel
Hyatt Regency La Jolla at Aventine
3777 La Jolla Village Drive
La Jolla, CA, 92122
8585521234
Hotel & Room Block Info

Hotel Rooms
We have a room block secured for the La Jolla weeklong event. For guest room reservations, call 800.937.8461 and reference the Federal Publications room block. Group rate is $239 + taxes/night. Click here https://www.hyatt.com/en-US/group-booking/JOLLA/G-FP21 to make your reservation. You must make your reservation by April 1, 2021. Rooms are subject to availability.

Government Per Diem

Government Per Diem
A limited number of Government per diem rate rooms have been set aside. Click here https://www.hyatt.com/en-US/group-booking/JOLLA/G-FP21/PER DIEM to make your reservation. You must make your reservation by April 1, 2021. Rooms are subject to availability.

General Information

Food & Beverage
During La Jolla Government Contracts Week, we will be serving continental breakfast, lunch and an afternoon snack each day. 

Close to scenic beaches, area attractions and the Westfield UTC open-air shopping experience, the Hyatt Regency La Jolla at Aventine draws inspiration from nearby La Jolla cove. Enjoy premium amenities including reimagined pool, social and dining spaces.

Level
  • 100
    Basic or fundamental subject matter is covered. Courses are geared to general knowledge or can be taken as a refresher.
  • 200
    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.
  • 300
    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.
  • 400
    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.
  • 500
    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.