DCAA Audits Webinar Series

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1 hour

This is session 4 of 4 in the FPS DCAA Audits Webinar Series.

The session provides an overview of the cost impact process, with a specific focus on the parties involved in the review and audit, along with expectations from DCAA. We will discuss the factors that contribute to a cost accounting practice change and the requirements to submit a Cost Impact, including identifying the change, determining the impact population, calculating the impact and driving toward resolution. We will touch on many of the key deliverable expectations included in DCAA’s Cost Impact Adequacy Tool and likely areas of emphasis during the audit.

Learning Objectives:

Overview of the Cost Impact process, including parties involved
Characteristics of a Cost Accounting Practice Change
Understanding the difference between a General Dollar Magnitude and a Detailed Cost Impact
Common risk factors to think about that may be raised during a Cost Impact proposal audit
Overview of DCAA’s Cost Impact Adequacy Tool

This webinar is sponsored by

About Our Experts

Drew Lewis

CPA, CFE, Director, Baker Tilly

Drew is a director in Baker Tilly’s Government Contractor Solutions practice. He has been with the firm since early 2012 and began his career with the Defense Contract Audit Agency (DCAA) working primarily with a multibillion-dollar contractor and providing various types of audit functions throughout the contracting lifecycle. He also has broad knowledge of rules and regulations surrounding the FAR, DFARS, CAS, and TINA. Drew is a licensed Certified Public Accountant in the Commonwealth of Virginia and a licensed Certified Fraud Examiner through the Association of Certified Fraud Examiners.

Bachelor of Science, Accounting
Liberty University

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