| Description |
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Newly hired auditors taking this course will learn the basic concepts, techniques, and procedures of contract auditing; the organizational structure of the Defense Contract Audit Agency; and audit guidance processes. |
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Objectives |
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Professionals who successfully complete this course will be able to:
List the elements of a contract’s life cycle and the general types of negotiated contracts;
Contrast principal objectives of government contract cost accounting and financial cost accounting;
Explain the history of the Federal Acquisition Regulation (FAR), Part 31, and discuss allocability, allowability, reasonableness, and selected cost principles;
Describe the background, purpose, and fundamental requirement of each cost accounting standard;
Identify direct costs, indirect costs, and general and administrative expenses;
Identify costs allocated to final cost objectives from intermediate cost allocation pools;
Calculate questioned overhead and general and administrative rates as a result of pool and/or base adjustments;
Describe the importance and major considerations of risk assessment;
Create working papers using the Audit Planning and Performance System;
Write a structured note for an audit report; and
Calculate questioned costs in a proposal audit. |
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Target Attendees |
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New contract auditing personnel should attend within 4 to 6 weeks after reporting for duty. |
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Prerequisite(s) |
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AUD 1113 Orientation to DCAA* (SS), AUD 1114 Orientation to Federal Procurement Regulations* (SS), AUD 1115 Orientation to Contract Auditing Procedures* (SS), and AUD 1116 Orientation to DCAA Audits* (SS) |
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Predecessor Course(s)
(Acceptable as a substitute for this course until the acceptance date specified below.) |
| Predecessor |
Predecessor Course Title |
PDS Code |
Accepted Until |
| None |
None |
None |
None |
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Course Length |
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10 class days |
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Additional Course Information |
| Delivery Mode |
Resident |
| Equivalent Courses |
None |
| ACE Recommended Credits |
N/A |
| PDS Code |
PC6 |
| Additional Public Information |
N/A
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Continuous Education Units |
0 |
| Continuous Learning Points |
0 |
| Reservist Retirement Points |
0 |
| Historical Allocations |
Coming Soon |
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Notes |
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