Workshop A — A Complete Primer on Audit Readiness: Your Updated Blueprint for Navigating the ‘What Ifs” Affecting Cost, Pricing, Compliance and Audit Results

Peter Herman, CPA
Senior Director, Regulatory Affairs & Compliance
Arcfield

Chad Braley
CEO
Capital Edge Consulting
A complete roadmap to audit readiness with this step-by-step guide, make sure you are ready for the next phase of DCAA audits under a new Administration. Join your audit, compliance, and pricing peers for an in-depth look at the evolving changes in the contracting landscape and DCAA expectations. Take advantage of speaker-prepared reference materials and ample opportunities for meaningful, smaller-group discussions.
In this session, topics will include:
- The most common DCAA audit preparation best practices: Concrete examples of what to anticipate and get ahead of before it’s too late
- Interpreting and applying key FAR, CAS, DFARS, and contract provisions – the standards by which you’re judged
- Updates on regulatory changes and DCAA audit procedures
- Understanding of what the DCAA will be auditing and whether you are subject to audit
- Requesting a listing of items that will be requested by the auditor and preparing in advance of the auditor’s visit
- A refresher on how DCAA defines “costs”
- Refining your cost allocation methods
- Ensuring you have adequate contractor proposals and submissions before the start of an audit
- How to respond to the auditor’s documentation requests
- Understanding what information can (and should) be withheld
- Documentation best practices that will help to minimize the risk of DCAA scrutiny
- How to overcome key pain points—from pre-audit stage to the exit conference
- What it now takes to stay audit-ready over the long term
- Important takeaways from key types of audits, including forward pricing, incurred cost and purchase systems
- Where contractors go right and wrong: Common practices that can undermine your DCAA audit preparation