In an Age of Increased Scrutiny, What Makes an Accounting System “Adequate?"

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Adequate accounting systems are critical to the success of most government contractors. Without one, you cannot be awarded a federal cost reimbursement contract. Now that the Defense Contract Audit Agency (DCAA) caught up on incurred cost audits, many contractors are experiencing increased scrutiny of their business systems – especially their accounting system. On top of that, Congress has continued to demonstrate a preference to allow third-party auditors to perform some of these reviews. Regardless of who does the audit, the criteria and the expectations remain unchanged.

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

  • What is an adequate accounting system?
  • Standard Form 1408 vs. the DFARS accounting system criteria
  • A walkthrough of each accounting system criteria
  • How to prepare for audit and be deemed adequate
  • Review of Business System Requirements
  • The benefits and consequences of adequacy and inadequacy
  • How can I get my system audited?
  • Who may audit my system?
  • Current Regulatory Environment
Presenters
  • Mike Mardesich, Senior Manager
  • Brad Tress, Senior Manager
CPE Information

Recommended 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).

Who Should Attend

Individuals in the government contracting sector.

Prerequisites / Advance Preparation

None

Course Level

Basic

Program Content

High level discussion on accounting systems and the implications on the government contracting sector.

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 DHGevents@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/.

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