Preparing for Challenges of CY 2010 Government Procurement & Audit Oversight: High Risk Issues and Trends
Topic: Audits, Reviews, & Oversight
Original Air Date: Thursday, March 18, 2010
Program Code: 170006
Give the changing direction of acquisition processes mandated by the new White House Administration and Congressional criticism of the DCAA audit organization, government contractors will have their hands full next year in coping with, and preparing for, more rigorous demands of government procurement and audit oversight. GAO reports castigating DCAA for failing to meet auditing professional standards, criticisms by the Commission on Wartime Contracting of DCAA and DCMA inter-agency functionality, and various legislative and executive branch memorandums requiring significant acquisition reforms are just a few events in 2009 that will put excruciating pressure on all contractors to prepare for federal procurement scrutiny unlike we have ever seen before. This webinar will overview a number of these critical procurment events and how they will likely impact government contractors in CY 2010 and perhaps in years to come. This webinar will discuss the best practices and strategies for meeting the tidal wave of more demanding audits which carry a higher likelihood of audit reported deficiencies and disallowance of costs.
- Key elements of Obama acquisition reform initiatives, to include shifts in contracting types, in-sourcing goals, and expanding competitive bids;
- Commission on Wartime Contracting findings and recommendations to date included DPAP (Defense Procurement and Acquisition Policy) to resolve DCAA-Contracting Officer Disagreements;
- GAO 2009 reported findings on DCAA, recommendations for overhauling audit environment, and impact on future audit objective and procedures;
- Actions taken by DCAA in response to the GAO July 2008 report;
- American Recovery and Reinvestment Act contracting, and the public reporting and layers of audit oversight that come with funding received under this "Stimulus Act;"
- DCAA internal control and pre-award proposal audit issues most likely to give long-term headaches to government contractors;
- Cost allowability issues most likely to arise from government audits, and
- Trends in access to records and employees, incurred cost submissions, incurred cost withholding, rescinding direct billing, lower thresholds or no thresholds for materiality, and expansion of audit depth and duration
Michael E. Stern, Senior Managing Consultant, Beason & Nalley, Inc.
Michael Stern is a senior managing consultant with Beason & Nalley, Inc, government contracts consulding group, specializing in evaluating on-going procurement and DCAA audit trends and translating those trends into solid advice for government contractors in meeting new challenges. Prior to joing Beason & Nally, Mr. Stern served in a number of capacities with DCAA for over thirty years.
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