Regulatory compliance in government contracting is constantly evolving, requiring contractors to stay informed about legislative, regulatory, and agency-specific changes. In this webinar, JAMIS Software welcomes expert guest speakers from Capital Edge Consulting and Berenzweig Leonard to break down the most critical compliance updates for Q1 2025. Key topics include:  The reclassification of "Significant Deficiency" to "Material Weakness" in contractor Business Systems (90 FR 5725) and its impact on compliance requirements.  Update on President Trump's Executive Orders impacting Federal Contractors.  What to do if you receive a Stop Work Order, Suspension of Work Order, or Terminations, and how to prepare Requests for Equitable Adjustments (REAs) and Termination Settlements.  Pricing tariffs and their implications for government contract costs.  Regulatory updates on cost and pricing in the 2025 NDAA, changes to Cost Accounting Standards (CAS). Learning Objectives: By the end of this session, participants will gain insight into the latest legislative, regulatory, and audit guidance actions affecting government contract compliance. They will be able to identify key challenges and prepare for the regulatory landscape in the months ahead.

Join CohnReznick's multi-disciplined, experienced compliance and audit team accompanied by a leader in the federal contracting legal community as they share insights on the latest federal executive orders and policy changes that are significantly impacting the federal contracting and assistance-receiver community. The panel will also discuss best practices for minimizing risk and maximizing cost recovery in case of a work suspension or termination. Designed for executives and professionals in accounting, finance, legal, HR, project management, and compliance at federal contracting firms and organizations receiving federal assistance, the panel will discuss:  Trump Administration Executive Orders since January 2025  Significant OMB and other large federal agency guidance related to acquisitions and federal assistance (including grants)  Impacts to small business programs  Best practices related to preparing for a suspension, stop-work order, delay, and partial/full termination

Join the authors of the GAUGE Report for the final 2024 results, based on the GAUGE Survey, where 1,255 contributors provided answers in five main areas of contracting: government contract compliance, accounting, utilization, growth, and efficiencies. The webinar presenters will share new data on improving company compliance and efficiencies, including cash flow, project management, labor resources, indirect rates, and, most of all, applying AI insights to accelerate businesses' profitability. Designed for GovCon executives, accounting and finance departments, HR managers, IT managers, and operations, this webinar will also cover:  Current market dynamics and key organizational issues, opportunities, and challenges  Business and project management outlook, performance, and operations metrics  Compliance and audit experiences, costs, and key metrics  Noteworthy trends and actionable steps for addressing industry issues, with a focus on AI enablement  AI Maturity Model: Six steps to kick start your AI strategy, data usage & confidence, tools, and integration

Don't miss the opportunity to become an expert in navigating the complexities of FAR 31.201 with our comprehensive webinar, tailored specifically around Unallowable Costs! Here's why you should grab your virtual seat:  Demystify FAR 31.201: Get an in-depth walkthrough of the Federal Acquisition Regulation (FAR) that governs Unallowable Costs.  Comprehend Unallowable Costs: Obtain a clear-cut understanding of what constitutes Unallowable Costs and why they matter to you.  Classify Unallowable Expenses: We'll take you through the various types of Unallowable Costs, providing the knowledge to identify them with ease.  Master Accounting Practices: Learn the ropes of properly accounting for Unallowable Costs, ensuring your organization's financial compliance.  Avoid Costly Mistakes: Uncover potential penalties and safeguard your organization by staying ahead of compliance issues related to Unallowable Costs.  Audit with Confidence: Gain valuable insights into the auditing process of Unallowable Costs to help streamline your company's operations. This webinar is an invaluable investment for those looking to refine their accounting skills, ensure compliance in their financial reporting, and steer clear of the hurdles associated with Unallowable Costs. Make sure to reserve your spot now-your expertise is just a webinar away!

The session provides guidance on how to navigate a DCAA accounting system audit. The webinar takes a lifecycle approach. It begins with understanding the different accounting system and associated audit requirements, to supporting the audit process, through audit reporting and corrective action. This course emphasizes the practical realities of an accounting system audit by offering tips and tricks to get out in front of audit findings, managing auditor/auditee relationships, avoiding common pitfalls, and facilitating timely corrective action if adverse audit findings surface. Learning Objectives:  High-level overview of the accounting system requirements  Understanding and differentiation of accounting system audit types and associated approaches  Developing strong working relationships with DCAA  Common DCAA data requests to expect and the rationale behind them  Sensitive areas and common contractor pitfalls during accounting system audits  Tips and tricks to get in front of potential audit findings and facilitate timely corrective action

Many Federal contractors initially find Cost Accounting Standards to be difficult to understand and navigate. Our experts break down the requirements so each participant can understand:  What is CAS?  When does it apply?  What is a Disclosure Statement? This session will discuss modified vs. full CAS coverage and will also provide a high-level overview of the standards by grouping and the connection between CAS requirements and the Federal Acquisition Regulation (FAR). Learning Objectives  What are the differences and requirements for Standard, Quick, and Early contract closeouts.  What are the eight steps for a Standard Closeout Contract Complete, Verification Forms, Reports, Resolution of Outstanding Issues Final Payment De-obligation of funds Completion Statements Past Performance File Disposal  What are the basic problems that are being experienced at every step.  How can those problems be addressed.  Why quick closeouts are popular in 2024 and the impact that that process is having on the backlogs

Many Federal contractors initially find Cost Accounting Standards to be difficult to understand and navigate. Our experts break down the requirements so each participant can understand:  What is CAS?  When does it apply?  What is a Disclosure Statement? This session will discuss modified vs. full CAS coverage and will also provide a high-level overview of the standards by grouping and the connection between CAS requirements and the Federal Acquisition Regulation (FAR).

Contractors face common challenges when pricing and accounting for related-party transactions. From determining the applicable indirect cost burden to the application of profit/fee. Other questions arise when ascertaining the documentation to support the transactions, whether flow-down provisions apply, and audit rights between the parties. In this session, we explore and illustrate some of these common challenges. Learning Objectives: Participants will recall the different related party transactions and applicable USG regulations and illustrate responses to some of the common challenges. Finally, participants will identify conventional audit risks and readiness strategies to mitigate contract audit risks.

Session II will quickly review Session I basics before delving into the contract pricing and accounting issues facing intracompany and intercompany transactions. We'll discuss when to transfer at cost versus price and the overarching requirements found in FAR 31.205-26, Material costs. Additionally, FAR 52.232-7, Payments under T&M and LH contracts, 52.215-22/22, Limitations on pass-through charges, and CAS 401, Consistency in estimating, accumulating, and reporting constraints will be described and applied to each type of transaction. Learning Objectives: Session participants will recall the differences between intracompany and intercompany transactions, how to apply the material cost principle to such transactions, and other contract clauses to look at when pricing and accounting for related party transactions.

Once a contractor has a contract subject to full CAS coverage, it is important to understand how to make a change to a disclosed cost accounting practice. This session will include a discussion of (Learning Objectives):  What is considered an accounting practice change?  What does not meet the definition of an accounting practice change?  What are common triggers for a cost accounting practice change? Additionally, the course will dive into cost impact proposals covering when a proposal is required, the timing for submission, and how impacts are calculated. The course also includes a case study for hands-on experience with a cost impact calculation.