Gain the knowledge and skills to conduct a forward pricing proposal audit and a historical cost audit through performing two case study audits:
The forward pricing proposal case study will address how to evaluate a contractor's estimate of costs to perform a contract. Learn how to audit the various elements of a proposal: direct labor, direct material and indirect costs. Also learn how to incorporate quantitative audit techniques - statistical sampling, correlation analysis and improvement curve - in performing the audit.
The historical cost case study addresses how to determine whether the contractor is entitled to be reimbursed for costs claimed on contracts. You learn how to use the Federal Acquisition Regulations (FAR) and the Cost Accounting Standards to determine the allowability, allocability and reasonableness of costs. You also learn how to calculate indirect allocation rates and how they are applied to contracts.
Applicable sections of the FAR are included as part of your materials for this course.
