WEBINAR

Join CohnReznick’s experienced government contracting team as they share practical strategies to prepare for an accounting system audit and insights for auditors when performing an accounting system audit. The team will provide an overview of the audit process and the criteria for an acceptable accounting system.

Highlights of this session include:

• Indicators that an accounting system audit is on the horizon.
• Essential tips and tricks to guide your organization from pre to post-audit.
• Understanding updated accounting system audit procedures and reporting verbiage.
• Common audit findings and frequent areas of weakness.

• Benefits of an approved accounting system and the implications of noncompliance.

Live webinar participants are anticipated to qualify for 1.5 CPE credits in the Auditing field of study. See additional details below.

SPEAKERS

CPE Information

Live event participants can earn up to 1.5 CPE credits in the Auditing field of study.

Program description: Join CohnReznick’s experienced government contracting team as they share practical strategies to prepare for an accounting system audit and expert insights on focal points for auditors when performing an accounting system audit. The team will provide an overview of the audit process and the criteria for an acceptable accounting system.

Program level: Intermediate- Developing subject knowledge

Prerequisites: Current or past experience with government contracting industry planning and/or implementation issues.

Advanced preparation: None

Topics to be discussed include:

• By the end of this presentation, attendees will be able to identify and document at least 5 early indicators that suggest an accounting system audit is approaching, using insights from past audits and internal communications.
• By the end of the month, attendees will be able to develop a step-by-step audit readiness checklist that outlines essential tips and tricks for each audit phase (pre-, during, and post-audit), and share it with the advisory marketing team for feedback.
• By the end of the presentation, attendees will be able to read about accounting system audit procedures and reporting terminology, and summarize key takeaways in a 1-page brief for the team.
• By the end of the session, attendees will learn to compile a list of the top 10 most frequent audit findings and areas of weakness from the past two years of audit reports, and propose 3 communication strategies to help mitigate them.
• In the months following the session, attendees will be able to create a 1-slide visual summary that outlines the benefits of an approved accounting system and the risks of noncompliance, to be used in stakeholder presentations and onboarding materials.

Instructional Delivery Method: Webinars: Group Internet Based

Course Registration Requirements: Landing pages feature this content prior to CPE credit approval.

Official NASBA sponsor statement, if an approved NASBA sponsor (explaining final authority of acceptance of CPE credits):

CohnReznick 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 board of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

"CohnReznick" is the brand name under which CohnReznick LLP and CohnReznick Advisory LLC and their respective subsidiaries provide professional services. CohnReznick LLP and CohnReznick Advisory LLC (and their respective subsidiaries) practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. CohnReznick LLP is a licensed CPA firm that provides attest services to its clients. CohnReznick Advisory LLC provides tax and business consulting services to its clients. CohnReznick Advisory LLC and its subsidiaries are not licensed CPA firms.