DCAA Audits of CAS Cost Impact Proposals - Session 4

May 28, 2025 1-2 PM EDT

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CPE, CLE Accredited

This is session 4 of 4 in the 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 sposored by ...

By registering for this event, you understand that your information will be shared with Baker Tilly (FPS’ partner in providing this event) consistent with the terms set forth in FPS’ Privacy Policy.

This live webinar is eligible for both CLE and CPE credit.
NOTE: CPE/CLE credit for attendees are subject to participation and approval by the governing boards.

NASBA CPE ACCREDITATION INFORMATION
Learning Level: Beginner
Prerequisites: None
Field of Study: Specialized Knowledge
Delivery Method: Group Internet Based

For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.

West Professional Development is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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
Shannon Ridge

Manager, Baker Tilly

Shannon Ridge is a Manager in Baker Tilly’s Government Contract Advisory Services practice and has been with the firm since 2016. Shannon assists clients with a broad range of government contract matters, from Federal Supply Schedule contracting to cost accounting and compliance issues. She has worked extensively in indirect cost rate structuring and modeling, measuring cost impacts under the Cost Accounting Standards, preparing external restructuring proposals and reviewing contractor business systems for compliance with regulatory criteria.

Shannon is an alumnus of the Robert H. Smith School of Business at the University of Maryland College Park with a BS in Finance and Marketing.

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Schedule Training

Fill out this form and someone from FPS will contact you shortly. You can fill out as much or as little information as you would like. Prefer to talk to us? Call 888.865.9082.