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Contract Auditing: From Small Purchases to Open Contracts

Audit

Event calendar iconFebruary 09 - 11, 2021

Event time icon10:30 a.m.

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Virtual

This virtual course will be delivered regionally via Zoom.

Registration is open to insular government professionals.

Course Description

The Coronavirus Aid, Relief, and Economic Security (Cares) Act has increased the use of contracts at the Federal, State and Local government level. One of the challenges in contracting is to ensure that the prices being paid for goods and services are fair and reasonable. To achieve that end, the role of the auditor is essential. This course will deal with the auditor’s role in contract auditing and will emphasize the knowledge and skills necessary to evaluate contract proposals and audit contractor billings.

Event will learn icon What You Will Learn

The auditor will learn how to:

  • Use the Federal Acquisition Regulations (FAR) and the Cost Accounting Standards to determine the allowability, allocability and reasonableness of costs;
  • Calculate indirect allocation rates and how they are applied to contracts;
  • Evaluate contract proposals; and
  • Audit contract billings.

The course will also cover the following topics:

  • Micro-Purchases:
  • Simplified Acquisitions;
  • Open Procurements; and
  • Contract Types.

Event backend icon Who Should Attend

Auditors, Financial Managers, Program Managers and other government officials involved in managing the contracting process.

Event info icon Tuition Fees

With funding support from the United States Department of the Interior, Office of Insular Affairs, courses are available free of charge for government accountability professionals within the insular areas. The course fee is waived and there is no cost to register and attend, Professionals who do not meet the above criteria, please contact [email protected].

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February 09 - 11, 2021

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10:30 a.m. to 1:30 p.m.

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CPEs - 9 Credit Hours

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Virtual Delivery

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Course Description

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moderator iconInstructor

Susan Murphy

Bob Adachi

Oakland, CA

Bob Adachi graduated from the University of California at Berkeley's Haas School of Business and has worked with the Internal Revenue Service and the Environmental Protection Agency Office of the Inspector General. 

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