Virtual Workshop A — How to Prepare for a Contractor Purchasing System Review (CPSR)

Aug 2020

Nick Sanders
Director, Government Accounting & Compliance
General Atomics Aeronautical Systems (Poway, CA)

Luis Avila, CISA
Director, Government Contractor Services
KPMG LLP (Mclean, VA)

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