Contract Auditing Course (Self-Paced)

This course includes

24 hours of project-based training from experts
Answers from real instructors
Proprietary workbook included
Retake for free within 1 year
Verified digital certificate of completion
Accredited program
Credits: 24 CPEs

This course is self-paced. For live online or in-person instruction, take Contract Auditing.

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. Use 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 has a prerequisite

Students should be familiar with contract auditing principles, including understanding FAR and CAS compliance, as well as basic cost allocation techniques such as direct versus indirect costs and overhead rates. Experience with quantitative techniques, including regression analysis and sampling methods, is also recommended.

Tuition

Full Tuition

$1,649
Due before the class starts

This course includes

24 hours of project-based training from experts
Answers from real instructors
Proprietary workbook included
Retake for free within 1 year
Verified digital certificate of completion
Accredited program
Credits: 24 CPEs

Learning Experience Highlights

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The instructor was wonderful and so knowledgeable. The course materials were extremely relevant to what my job is. I feel like I can be better because of this class.
— 2025 student

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Hands-on quizzes and mini projects to test and reinforce concepts.

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Contract Auditing Course (Self-Paced) Curriculum

What You'll Learn at a Glance

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 proposals and historical cost audits.

Course Syllabus

Download Syllabus PDF

Module 1: Overview of Contract Auditing

Objectives of Contract Auditing
Role of the Contract Auditor in the Procurement Process
Types of Awards
Types of Contracts
Types and Objectives of Contract Audits

Module 2: Federal Acquisition Regulations (FAR)

Purpose and Structure of FAR
Overview of FAR Part 31, Contract Cost Principles
FAR Provisions Regarding Contract Audit Activity
Allowability of Costs

Module 3: Cost Accounting Standards (CAS)

Purpose of CAS
CAS Coverage and Disclosure Statement Determination
Overview of CAS 401, 402, and 418

Module 4: Allocation of Costs

Direct vs. Indirect Costs
Determining Overhead Rates
Allocating Indirect Costs to Contracts

Module 5: Quantitative Techniques

Audit Applications of Quantitative Techniques

Module 6: Performing a Price Proposal Audit

Planning for the Audit
Review of Proposal and Data Submitted by the Contractor
Review of Direct and Indirect Costs
Preparing Recommendations for the Contracting Officer

Module 7: Performing the Historical Cost Audit

Planning for the Audit
Review of Direct Costs
Review of Indirect Costs and Rates
Preparing Recommendations for the Contracting Officer

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Since 1921, Graduate School USA has partnered with over 125 federal agencies and trained more than one million federal employees. Led by instructors with deep, real-world knowledge of federal regulations, policies, and practices, our private group programs are practical, mission-driven, and tailored to your agency’s objectives. We offer expertise across key federal domains—including human resources, financial management, acquisition and contracting, leadership, and more—to deliver training where and how your team needs it.

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Installments
	10% non-refundable deposit
$1,649.00	Total You Pay