BEGIN:VCALENDAR PRODID:-//westlegaledcenter/javamail EN VERSION:2.0 METHOD:PUBLISH BEGIN:VEVENT UID:WLEC-Sun May 19 06:26:11 CDT 2013 TRANSP:OPAQUE DTSTART:20120808T130000Z DTEND:20120809T200000Z LOCATION:http://westlegaledcenter.com DTSTAMP:20130519T112611Z ORGANIZER:OnlineCLE@westlegaledcenter.com CREATED:20130519T112611Z LAST-MODIFIED:20130519T112611Z FBTYPE:BUSY SUMMARY:Live Program: Government Contract Audits: Dealing with Auditors an d Mitigation Audit Risks- Washington DC DESCRIPTION:Already enrolled? Click below to view your current enrollments .\nhttp://westlegaledcenter.com/mycle/mycle.jsf?destinationAfterLogin=log inRedirectToMyCLE\n\nWant to enroll? Click below to view the program deta ils and add it to your shopping cart.\nhttp://westlegaledcenter.com/progr am_guide/course_detail.jsf?videoCourseId=40771073 \n \n\n\nGovernment Con tract Audits: Dealing with Auditors and Mitigation Audit Risks- Washingto n DC \n\nDate: 08/08/2012 9:00 AM EDT\nDuration: 14 Hours \n\nDescription : \nDepending on the types of contracts you have, you can face a vast amo unt of audit oversight. It can translate into disallowed costs, penalties , fines, and loss of credibility with government customers. Understanding the regulatory government audit mindset and how to prepare for a broad r ange of audits will place you a step ahead in mitigating the risk of adve rse audit problems.   To reduce and avoid audit problems, contractors mus t understand the audit objectives, techniques, specific areas of audit em phasis, and the options for analyzing and effectively responding to audit findings. Employing best practices in dealing with auditors on a regular basis and formulating an effective chain of communication during the cou rse of various audits, will often achieve this objective. But, mitigating the risk of audit problems and successfully resolving audit problems als o requires a thorough understanding of certain audits that most frequentl y raise adverse issues, as well as a contractor?s responsibilities and ri ghts for effectively addressing questioned costs or challenges to interna l controls that result from audits.  Government contractors must also be vigilant and diligent in understanding the sequence of steps and levels o f government procurement authorities in resolving audit disputes. Underst anding how to prepare for audits; the audit objectives and procedures emp loyed by auditors; how to interact with auditors; and effective methods f or deterring and addressing audit issues will mitigate the risk of cost d isallowances, loss of contract opportunities, and an image of tainted cre dibility with the government.      Our experienced course faculty have e xtensive backgrounds in government audits and how to avoid potential audi t problems. Our instructors have experience both as DCAA auditors and as consultants to government contractors and an understanding of both the au ditor and the government contractor perspective.  Preparing for audits an d effectively interfacing with auditors before, during and upon conclusio n of audits Understanding contractor and government rights within the aud it process Dealing with specific types of audits and the more frequent is sues within incurred cost proposals, bid proposals, billing rates, cost a ccounting systems, internal controls, defective pricing, costs, and Cost Accounting Standards, etc. Being prepared to address potential audit chal lenges of issues such as travel costs; professional and consulting fees, advertising and selling costs; intercompany transfers; access to records and to employees; DCAA billing cost suspensions, and; reasonableness and allocability Resolving audit disputes through pro-active interface with a uditors, audit managers, contracting officers, and other Government autho rities Evaluating audit challenges and preparing effective responses to a udit issues DCAA audit standards, methods, tools, and procedures for cond ucting audits Understanding DCAA?s role of investigative support and in i dentifying and reporting suspected irregularities. Understanding oversigh t techniques and circumstances which elevate audit risk in order to mitig ate risk of audit findings The procurement culture driving audit oversigh t, and DCAA/DCMA organizational structure, charter, and fundamental audit objectives Following current procurement trends and their impact on DCAA areas of emphasis, and how contractors should prepare for the audits For a detailed program agenda and faculty bios, please visit the Federal Pub lications Seminars website . Cost Immersion Week Room Block Information (August 6-10): A special group rate of $179 per night plus tax is availab le at the L'Enfant Plaza Hotel during Cost Immersion Week. Please call 1- 800-635-5065 and ask for the "Cost Immersion Week" group rate. Rooms are subject to availability, so it is recommneded that you book early. \n\n\n \nQuestions? For assistance with a Federal Publications Seminars conferen ce, please call 1-888-494-3696. 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