Guide to Incurred Cost Audits

Learn about the Indirect Rate Submission required under Government Contracts, the format and the requirements. Insuring that the submission is accepted. Participants will have an understanding of what it takes to get their submission accepted by the Government and the requirements for the submission to be audited (The Incurred Cost Audit).

This course will cover the indirect rate audit or incurred cost audit from the submission of indirect rate proposal to the finalization of the rates. Participants will learn what to expect during the audit, the records that will be requested and the expenses that will be certain to draw the attention of the auditors.

Topics Include:

• Indirect Rate Submission Requirements
• Covered Contract Types
• How to make sure the submission is accepted
• Impact of its rejection
• The Audit Process and What Agency Will Perform the Audit
• Systems That will be Reviewed During The Audit
• Key Elements of Costs That Will Receive “Special” Attention
• The Impact of Executive Compensation
• Penalties for Claiming Unallowable Costs
• Finalization of The Indirect Rates
• Audit Determination or Negotiation
• Appeals of Disputes Arising From Inability to Agree on the Rate
• Impact of the Statute of Limitations

Date: Wednesday, July 23, 2014
Time: 8:30am – 4:00pm – Breakfast and setup begin at 8:00
Price: $495
Credits: 7 CPEs or CLPs
Location:
bwtech@UMBC Research and Technology Park, 
5520 Research Park Drive Suite 100 
Baltimore, MD 21228