Join CohnReznick’s experienced government contracting audit and advisory team as they share insights on various federal award cost principles and how companies should best align their policies and procedures related to unallowable costs. The panel will also address situations we have seen related to unallowable costs in federal contract audits and how entities could have avoided the problems before the auditors arrived.
Designed for GovCon executives, accounting and finance departments, cost estimators, and compliance officers, topics to be discussed include:
An overview of certain cost principles within FAR 31.205 and 2 CFR 200 Subpart E
How auditors approach trying to find claimed unallowable costs
Ramifications of claiming unallowable costs on federal awards
Best practices related to unallowable costs in order to maintain a compliant accounting system
Live event participants can earn up to 1.5 CPE credits in the Auditing (Governmental) field of study.
Program description: Join CohnReznick’s experienced government contracting audit and advisory team as they share insights on various federal award cost principles and how companies should best align their policies and procedures related to unallowable costs. The panel will also address situations we have seen related to unallowable costs in federal contract audits and how entities could have avoided the problems before the auditors arrived.
Program level: Intermediate
Prerequisites: Current or past experience with government contracting industry planning and/or implementation issues.
Advanced Preparation: None
Topics to be discussed include:
An overview of certain cost principles within FAR 31.205 and 2 CFR 200 Subpart E.
How auditors approach trying to find claimed unallowable costs.
Ramifications of claiming unallowable costs on federal awards.
Best practices related to unallowable costs in order to maintain a compliant accounting system.
Instructional Delivery Method: Group Internet Based
Who Should Attend: Those in the government contracting industry interested in learning more about a number of federal award cost principles and how their companies should best align policies and procedures related to unallowable costs.
Official NASBA sponsor statement, if an approved NASBA sponsor (explaining final authority of acceptance of CPE credits):
CohnReznick LLP 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 LLP 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