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