DCAA Contractor Business Systems and Internal Controls

Overview

In 2009, the Commission on Wartime Contracting issued a special report on contractor business systems. This report highlights the Commission’s principal conclusion: “Contractor business systems and internal controls are the first line of defense against waste, fraud and abuse.” This report set in motion the promulgation of the Defense Federal Acquisition Regulation Supplement (DFARS) Business Systems Rule, which was finalized on February 24, 2012.

This course focuses on the development of internal controls for compliance with the DFARS defined Business Systems: Accounting, Estimating, Material Management and Accounting System (MMAS), Earned Value Management (EVM), Purchasing, and Property. The course emphasizes the role of the Defense Contract Audit Agency (DCAA) in auditing and evaluating contractors’ internal controls. In fact, DCAA has continuously developed new audit programs for assessing contractors’ compliance with the detailed requirements of the DFARS. This has been an evolution that has resulted in shifting emphases by DCAA up to and including the present time. The Defense Contract Management Agency (DCMA) has similarly adjusted its review criteria as well.
The instruction provides recommended and proven approaches to develop, maintain, and monitor internal business system controls for compliance with Government contract requirements including FAR and DFARS business system requirements. This course is recommended for those individuals who have a fundamental or better background in negotiated government contracting, and government contract regulatory compliance related responsibilities. It will benefit individuals with responsibilities for developing and conducting internal compliance audits and oversight reviews as well as contractors who wish to establish, improve or update existing systems of internal controls. Overall, this course will enhance skills in government contract compliance risk management.

Who should attend:

Compliance Professionals
Audit and Internal Controls Professionals
Finance and Accounting Professionals
Small Business professionals
Prime Contractors
Contract Managers and Administrators
Senior Level Contracts Professionals

Learning Objectives:
After completing this course, you will be able to:

Understand the nature and intent of business systems compliance requirements
Create Internal control risk management and compliance models
Develop Inter-relationships between accounting and other related systems
Understand The types of compliance internal controls
Recognize indicators of risk/vulnerability and potential non-compliance in business systems
The adequacy qualities, government oversight approaches and significant compliance issues related to various business systems.

Dates/Locations

No upcoming dates/locations at this time

Agenda

8:00 AM - 3:00 PM	Schedule for Orlando, La Jolla and Hilton Head Weeklong Conferences
8:00 AM - 3:00 PM	Las Vegas Government Contracts Week
9:00 AM - 4:00 PM	Schedule for All Other Locations

Day 1

I.             Business System Internal Control Audit Planning
II.            Basics and Impact on Other Audits
III.           Control Environment and Overall Accounting System
IV.           Indirect and Other Direct Cost System
V.            Labor System
VI.           Compensation System
VII.          Billing System

Day 2

VIII.         Material Management and Accounting System
IX.           Purchasing System
X.            Estimating System
XI.           Budget and Planning System
XII.          Information Technology General and Application Controls
XIII.         Implementing and Maintaining Compliant Controls

Experts

Paul Bailey

Partner, Capital Edge Consulting

Paul Bailey is a Partner for Capital Edge Consulting. Mr. Bailey has broad experience with federal procurement rules and regulation through combined industry and public accounting experience at PricewaterhouseCoopers and KPMG. Over the course of his 30-year career, Paul has provided expert advice an...

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Chad Braley

CEO and National Managing Partner, Capital Edge Consulting

Chad Braley is the Chief Executive Officer and Founder of Capital Edge Consulting, Inc. Since its inception, Capital Edge has grown into the country’s leading firm, focusing solely on serving both foreign and domestic contractors who do business with the US Government.

Chad’s ar...

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Lew Gaydon

Director, Capital Edge Consulting

Lew Gaydon is a Director at Capital Edge Consulting and an accomplished financial executive in the Government Aerospace Sector. Based in Nashville, Lew rejoined Capital Edge in 2024, bringing nearly 20 years of experience in government contracting. He has led finance, pricing, accounting, and compli...

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Eric Hayman

Director, Capital Edge Consulting

Eric Hayman has over 15 years of experience providing professional support to government contractors and government agencies in the areas of compliance, accounting and training. He specializes in the Federal Acquisitions Regulations, Cost Accounting Standards, Government Audits and Contract’s...

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Francis Reilly II

Manager, Capital Edge Consulting

Francis Reilly II is a Manager at Capital Edge Consulting, LLC. He provides support to government contractors, focusing on regulatory compliance, mergers and acquisitions, business restructuring and enabling commercial businesses to develop the operational capabilities required to do business with t...

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Jacquelyn Spalding

Manager, Capital Edge Consulting

Jacquelyn Spalding is a Manager at Capital Edge Consulting, LLC. She specializes in providing professional support to government contractors in the areas of regulatory compliance, contract cost accounting, and training. Her expertise spans DFARS business system compliance, FAR, CAS, budgeting, finan...

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Tony Worick

Partner, Capital Edge Consulting

Tony Worick is a Partner at Capital Edge Consulting, where he specializes in helping businesses navigate and succeed in working with the United States Government. With extensive experience with large aerospace and defense contractors and aiding commercial companies in establishing public sector vent...

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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 Cerifi LegalEdge 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: 13.0 (CPE) hours of credit

Program Level: Beginner

Program Prerequisite: Beginner

Advance Preparation: N/A

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: 11.0 (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: 11.0 (60 minutes), 13.0 (50 minutes)

Travel

No travel information is available at this time

In-House

Bring Federal Publications Seminars to your location! If you would like to offer this course in-house, please contact us.

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Fill out this form and someone from FPS will contact you shortly. You can fill out as much or as little information as you would like. Prefer to talk to us? Call 888.865.9082.

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CMBOK Alignments

Leadership

Character

Collaboration

Competence

Emotional Intelligence

Vision

Management

Business Management

Change Management

Financial Management

Project Management

Risk Management

Supply Chain Management

Guiding Principles

Communication and Documentation

Contract Principles

Regulatory Compliance

Situational Assessment

Skills and Roles

Standards of Conduct

Team Dynamics

Pre-Award

Plan Sales

Plan Solicitation

Prepare Offer

Request Offers

Award

Manage Disagreements

Plan Negotiations

Price or Cost Analysis

Select Source

Post-Award

Administer Contract

Close Out Contract

Ensure Quality

Manage Changes

Manage Subcontracts

Learn

Continuous Learning

Individual Competence

Organizational Capability

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.