Description:
Gain the knowledge and skills necessary to develop a forward-pricing proposal to address how to evaluate a contractor's estimate of costs to perform a government contract. Using two case studies to learn how to audit the various elements of the proposal: direct labor, direct material and indirect costs. Also learn how to incorporate quantitative audit techniques -- statistical sampling, correlation analysis and improvement curve -- in performing the audit. Develop a historical cost audit to determine whether the contractor is entitled to be reimbursed for costs claimed on contracts. Learn how to use the Federal Acquisition Regulations (FAR) and the Cost Accounting Standards to determine the allowability, allocability and reasonableness of costs. Learn how to calculate indirect allocation rates and how they are applied to contracts. Applicable sections of the FAR are included as part of your materials for this course. This course is part of the Certified Government Auditor (CGA) program, Level 1.
Duration:
4 days
Level:
Intermediate
Who Should Attend?
Auditors and others involved in auditing forward pricing and historical contracts.
Credits:
2.4 CEUs, 32 CPEsLearning Outcomes:
- Describe the types of contract audits and the specific purposes of price proposal and historical cost audits.
- Determine the allowability of costs using acquisition regulations and cost accounting standards.
- Select and apply the methodology and quantitative audit techniques applicable to price proposal and historical cost audits.
- Perform price proposal and historical cost audits
Available Sessions:
| Session Code | Start Date | End Date | Location | Tuition | |
|---|---|---|---|---|---|
| Session Code AUDT8802-002 | Start Date May 05, 2025 9:00 AM EST | End Date May 08, 2025 5:00 PM EST | Location Virtual | Tuition $1,399.00 | |
| Session Code AUDT8802-003 | Start Date Jul 14, 2025 9:00 AM EST | End Date Jul 17, 2025 5:00 PM EST | Location Virtual | Tuition $1,399.00 | |
| Session Code AUDT8802-004 | Start Date Sep 08, 2025 9:00 AM EST | End Date Sep 11, 2025 5:00 PM EST | Location Virtual | Tuition $1,399.00 | |
| Session Code AUDT8802-001 | Start Date Dec 01, 2025 9:00 AM EST | End Date Dec 04, 2025 5:00 PM EST | Location Virtual | Tuition $1,399.00 |
Course Outline
Module 1
- Overview of Contract Auditing
Module 2
- Federal Acquisition Regulations (FAR)
Module 3
- Cost Accounting Standards (CAS)
Module 4
- Allocation of Costs
Module 5
- Quantitative Techniques
Module 6
- Performing a Price Proposal Audit
Module 7
- Performing the Historical Cost Audit
Other Recommended Courses:
- Contract and Procurement Fraud (AUDT8036)
- Auditing Grants (AUDT7407)
- Red Flags of Infrastructure Fraud (AUDT8005)
- Detection and Prevention of Fraud (AUDT8004)
- Auditing for Bribes and Kickbacks (AUDT8950)
- Federal Appropriations Law for Auditors (AUDT7010)
- Practical Statistical Sampling for Auditors (AUDT8112)
