Prepay now for a discount to the September 10th IMA/VSCPA Government Contractor Breakfast, where Giacomo Apadula of BDO will present "DFARS Business Systems – back in style."
The pendulum related to contractor’s business systems is swinging back, again. Since industry’s initial focus following the Feb 2012 release of DFARS Business System rule, we had seen a continued downward trend in the number of business system audits performed by DCMA/DCAA. However, with DCAA’s successful elimination of the Incurred Cost Audit backlog and GAO’s recent recommendation for DCMA/DCAA to develop mechanisms to monitor and ensure contractor business system reviews are conducted in a timely fashion, it is safe to say Business System audits are back in play. Join us as we discuss the key DFARS Business System requirements and the recent trends in the industry related to DFARS business systems. We will cover:
I. A high level Review of Business Systems and Key Requirements
- When do Business System Requirements/Rules Apply?
- Considerations if DFARS Business System Clause is NOT in your Contract
- What you need to know about
- Accounting System Administration (DFARS 252.242-7006)
- Cost Estimating System (DFARS 252.215-7002)
- Contractor Purchasing System Administration (DFARS 252.244-7001)
- Contractor Property Management System (DFARS 252.245-7003)
- Material Management and Accounting System [MMAS] (DFARS 252.242-7004)
- Earned Value Management System [EVMS] (DFARS 252.234-7002)
II. Trends and Updates related to Business System’s Landscape
- Impact of recent GAO report
- DCAA Report to Congress
- System Disapprovals/Common Themes
Lessons Learned and Best Practices to Mitigate System Deficiency Risks
Please mark your calendars for these upcoming breakfasts as well. Please let me know what topics you would like to see in the next season, or if you have a speaker recommendation.
12-Nov-19 Javier Diaz, Cherry Bekaert LLP, How to Prepare for Various DCAA Audits
14-Jan-20 DCAA, DCAA Update and Current Initiatives
Time: Doors open at 7:00 AM, Speaker starts at 8:00 AM, done by 9:30 AM.
Location: Tower Club (www.clubcorp.com/Clubs/The-Tower-Club-Tysons-Corner), 8000 Towers Crescent Drive, Suite 1700, Tysons, VA 22182. Please check the 17th Floor receptionist to find our room, and get your parking validated.
Sponsor: Atlantic Union Bank (www.atlanticunionbank.com) is a Gold Sponsor of the Government Contractor Breakfasts, allowing us to host the events at the Tower Club for a reasonable price.
Registration Price: $30 prepaid or $35 cash or check at the door. Either way, please preregister here: http://bit.ly/imagovcon. Your advance registration helps us to ensure that the room size is adequate.
Benefits: 1 hour of CPE, along with a breakfast buffet.
IMA/VSCPA Government Contractor Breakfast Yahoo Group: https://groups.yahoo.com/neo/groups/ima_ncc_govt/info • Read all about us here!
Giacomo serves companies in the successful resolution of contract audit issues stemming from Defense Contract Audit Agency (DCAA)/Defense Contract Management Agency (DCMA)/Office of Inspector General (OIG) audits - including complex Federal Acquisition Regulations (FAR), Defense Federal Acquisition Regulations (DFARS), Cost Accounting Standard (CAS), and Uniform Guidance (2 CFR 200) compliance matters and contract administration matters. He assists clients in the preparation and submission of their incurred cost proposals/NIRCA/forward pricing/provisional billing rates and serves in advisory capacity throughout audit/final rate negotiations. Giacomo has lead multiple teams in the preparation and successful negotiation in responding to Government request for proposals (e.g., DoD/BARDA/DTRA/USAID) - including complete cost volume proposals and preparation of CAS Board Disclosure Statements (CASB DS-1).
Giacomo has previously consulted at Argy, Wiltse, Robinson, P.C., Navigant Consulting, and worked in the Department of Transportation, Office of Inspector General as an attestation auditor. Giacomo holds a
Masters of Accountancy from Rutgers University and a B.B.A., Finance, from James Madison University.