Exploring Unallowable Costs

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Unallowable costs have long been a prime target for the Defense Contract Audit Agency (DCAA) Auditors. Proper identification and segregation of unallowable costs is a key criteria of an adequate accounting system and failure to properly segregate such costs may result in penalties. Contractors need to segregate both expressly and directly associated unallowable costs as well as maintain proper documentation in order to withstand audit scrutiny.

Please join Mike Mardesich and Brad Tress of DHG’s Government Contract Advisory Team as they discuss the following:

  • FAR Cost Principles and Unallowable Costs
  • Directly Associated Unallowable Costs
  • Best Practices to Identify and Segregate Unallowable Costs
  • Penalties for Unallowable Costs
  • DCAA’s recent internal guidance indicating their interpretation of FAR Part 31 expressly Unallowable Costs
  • Grey areas of Unallowable Costs

Presenters:

CPE Information

CPE Credit: One hour of CPE (pending approval)

Delivery Format: Group Internet Based (each attendee must be logged in and answer the poll questions in order to receive CPE credit).

Prerequisites/Advanced Preparation: None

Course Level: Basic

Participants: Individuals in the government contracting sector

Program Content: High level discussion of FAR cost principles and unallowable costs, directly associated unallowable costs, best practices to identify and segregate unallowable costs, penalties for unallowable costs, DCAA’s recent internal guidance indicating their interpretation of FAR Part 31 expressly Unallowable Costs and grey areas of unallowable costs.

Policies

This event is complimentary. Due to this program being offered free of charge, there will be no refunds issued. If you have any questions regarding administrative policies such as registration or cancellation, please contact webinars@dhg.com.

Questions

Please direct any CPE related questions to DHGU@dhg.com.

Dixon Hughes Goodman LLP 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 the web site: www.nasbaregistry.org/.