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

The session provides an overview of the cost impact process, with a specific focus on the parties involved in the review and audit, along with expectations from DCAA. We will discuss the factors that contribute to a cost accounting practice change and the requirements to submit a Cost Impact, including identifying the change, determining the impact population, calculating the impact and driving toward resolution. We will touch on many of the key deliverable expectations included in DCAA's Cost Impact Adequacy Tool and likely areas of emphasis during the audit. Learning Objectives:  Overview of the Cost Impact process, including parties involved  Characteristics of a Cost Accounting Practice Change  Understanding the difference between a General Dollar Magnitude and a Detailed Cost Impact  Common risk factors to think about that may be raised during a Cost Impact proposal audit  Overview of DCAA's Cost Impact Adequacy Tool