Agenda (Eastern Standard Time)
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Pre-Conference Workshops
Virtual Workshop A — How to Prepare for a Contractor Purchasing System Review (CPSR)
Aug 24, 2020 9:00am – 12:30pm
Speakers
Nick Sanders
Director, Government Accounting & Compliance
General Atomics Aeronautical Systems (Poway, CA)
Luis Avila, CISA
Director, Government Contractor Services
KPMG LLP (Mclean, VA)
Virtual Workshop B — Understanding the Definition and Impact of Materiality for Incurred Cost Audits
Aug 24, 2020 1:30pm – 5:00pm
Speakers
Matthew Herdman
Corporate Compliance Director
ASRC Federal (Beltsville, MD)
Brent Calhoon
Partner
Baker Tilly (Tysons Corner, VA)
James M. Freeman, CPA
Resident Auditor
Northrup Grumman Corporate Office
Day 1 - Tuesday, August 25, 2020
Day 2 - Wednesday, August 26, 2020
Day 1 - Tuesday, August 25, 2020
9:00 |
Co-Chairs Opening RemarksTraci Dillon Ron Youngs |
9:15 |
KEYNOTEJoseph Bentz |
10:00 |
First-Hand Insights: What’s New, What’s Changing, Priorities and Developments Directly from DCAA and DCMA LeadershipJorge Bennett Scott Perry Agency leaders open the day with the key updates critical to your contracts, from bidding to closeout, and answer questions pertinent to your success:
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10:45 |
Networking Break |
11:15 |
Industry Think Tank: How Contractors are Responding to the DoD’s Evolving Policy PrioritiesTraci Dillon Neil Gardner Below is a summary of the issues to be discussed during the roundtable, which will involve speakers from both large and small contractors.
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12:00 |
CARES Act Provisions and an Evolving Understanding of the COVID-19 Pandemic’s Impact on Government ContractorsSajeev D. Malaveetil Ron Youngs Mark Smith
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1:00 |
Networking Lunch |
1:30 |
Business Systems Audit-Ready: Maintaining Your Business Systems in the Increasingly Likelihood of an AuditNathan Geesaman Kristin Torcasi Patrick Fitzgerald
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2:30 |
Deciphering Real-World DCAA Incurred Cost Scenarios and Practical Tips to Survive an AuditMatthew Popham Brian Taylor Lisa Rader
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3:15 |
Networking Break |
3:45 |
Unraveling complexities in Truthful Cost and Pricing Act (TCPA) Waivers and Certified Cost or Pricing Data RequirementsLucelly Serrano Laura Michaels David Logue
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4:45 |
Legal Trends: How Recent Case Law Impacts Your ContractsStephanie M Harden Laura A. Semple This practical, industry-focused session will offer perspectives on the developing law as it impacts your contracts. Focused squarely on how cases can and may affect the industry, including COVID-19 considerations, the cases covered will be updated to reflect the most recent decisions and will include recent decisions concerning the scope of the Freedom of Information Act, expressly unallowable costs, recovery of legal expenses, claims, and the Contract Disputes Act’s statute of limitations. |
5:30 |
End of Day One |
Day 2 - Wednesday, August 26, 2020
9:00 |
Co-Chairs Opening Remarks |
9:15 |
KEYNOTEKim Herrington |
10:15 |
Consequences of Section 809.1 Panel’s Recommendations and Update on Cost Accounting Standards (CAS): 809 Panel’s Professional Practice Guide and CAS/GAAP Conformance RuleTimothy J. DiNapoli Barbara Michael
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11:00 |
Break |
11:30 |
Cybersecurity Maturity Model Certification (CMMC): Understanding the Cyber Security Requirements from DoD and National Institute of Standards and Technology (NIST)Jessica Martin
|
12:15 |
Focus on Forward Pricing Rate Agreements (FPRA)Kelly G. Peters Sajeev D. Malaveetil
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1:15 |
Lunch Break |
2:15 |
Unravelling the Complexities in Supporting Commerciality and Defining “Commercial ProductsRyan Connell Brent Calhoon Nick Sanders
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3:15 |
Protecting Intellectual Property (IP): Strategies for Traditional Procurement Contracts and Other TransactionsCaroline Chien Geoffrey A. Lawson Nathaniel Castellano
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4:00 |
Conference ends |
Virtual Workshop A — How to Prepare for a Contractor Purchasing System Review (CPSR)
Nick Sanders
Director, Government Accounting & Compliance
General Atomics Aeronautical Systems (Poway, CA)
Luis Avila, CISA
Director, Government Contractor Services
KPMG LLP (Mclean, VA)
What is it about?
This workshop provides insight into the requirements of an adequate purchasing system; the design of an effective purchasing system; the monitoring of a system; the support of Government audits; and how to prepare and respond to a purchasing system review.
Through a discussion and participative methodology, the workshop will include coverage of: the prime and subcontractor relationship; consent requirements; thresholds; types of contracts; advance notification requirements; contracting officer evaluations; considerations; review objectives; regulations requirements; extent of review; surveillance; approvals; responsibilities; notifications; disclosures; reports.
Topics include:
- The Importance of CPSRs
- DFARS Adequacy Criteria
- Elements of a Compliant System – System Description/Procedures & Instructions/Training/Self-Governance
- Key Procedures/Instructions – Building the System
- Supporting Data Calls – The review universe
- Special Circumstances – Commercial Items and Inter-org Transfers
Virtual Workshop B — Understanding the Definition and Impact of Materiality for Incurred Cost Audits
Matthew Herdman
Corporate Compliance Director
ASRC Federal (Beltsville, MD)
Brent Calhoon
Partner
Baker Tilly (Tysons Corner, VA)
James M. Freeman, CPA
Resident Auditor
Northrup Grumman Corporate Office
What is it about?
At the request of Congress in the FY18 National Defense Authorization Act, the Section 809 Panel developed numeric materiality guidelines applicable to audits and oversight of contractor costs. DCAA recently rolled out new audit guidance to adopt and implement them (a year sooner than Congress mandated). Your presenters will share their perspectives on what they mean to the government contracting community. Key takeaways from this workshop will include a better understanding of:
- Why clearer materiality guidance was needed?
- The concept of materiality, including qualitative (nature) vs. quantitative (amount) considerations
- How materiality is applied throughout the audit (planning, performance, reporting)
- How materiality is applied to direct vs. indirect costs
- Material vs. immaterial non-compliances, their effect on audit opinions, and how they will be communicated to contracting officers
- How the new guidance may affect DCAA audit teams, contractors, and contracting officers