This virtual course is being broadcast simultaneously from the FPS classroom/in-person version of this course.

This two-day course is a comprehensive exploration of the financial impacts of compensation management practices and compensation costs associated with FAR 31.206-6 Compensation for Personal Services. Course coverage includes DCAA audit practices and trends related to executive compensation, as well as other forms of compensation. The course will compare the DCAA use (or non-use) of the Taylor and Metcon cases with the prevailing industry point of view. “Reasonableness” criteria for compensation costs will also be addressed, including sufficiency of documentation and benchmarking practices. The course will also outline the pros and cons of utilizing blended indirect rates vs multiple indirect rates for addressing compensation caps. This course schedule anticipates time for discussion of participants’ issues and answering questions.

Learning Objectives: 

• Identify executive and other forms of compensation potential audit situations
• Apply reasonableness criteria for compensation costs
• Properly document for audit purposes
• Utilize best practice benchmarking
• Blending of rates for compensation caps

This live virtual course is eligible for both CLE and CPE credit.
Have questions on how to participate in an FPS Virtual Course? Click here for more information.