CONTRACT AUDITING - CA8801A001
Description
Gain the knowledge and skills necessary to develop a forward-pricing proposal to address how to evaluate a contractors estimate of costs to perform a government contract. Using two case studies to learn how to audit the various elements of the 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. Develop a historical cost audit to determine whether the contractor is entitled to be reimbursed for costs claimed on contracts.
Learn how to use the Acquisition Regulations (AR) and the Cost Accounting Standards to determine the allowability, allocability and reasonableness of costs. Learn how to calculate indirect allocation rates and how they are applied to contracts. Applicable sections of the AR are included as part of your materials for this course.
This course is part of the Certified Government Auditor (CGA) program, Level 1. This course aligns with the following DoD Financial Management Competencies:
| DoD FM Competency | Proficiency Level | Hours |
|---|---|---|
| Concepts, Policies and Principles of Accounting | 3 | 4 |
| Concepts, Policies and Principles of Audit | 1 | 10 |
| Concepts, Policies and Principles of Audit | 3 | 20 |
| Decision Support | 3 | 6 |
What are my next steps?
Places are available June 2025 and February 2026
If you have your results you can apply online for a place through our online application. Find out more about studying with us in our digital prospectus.
Download Oxford Catalogue
Who Should Attend?
Auditors and others involved in auditing forward pricing and historical contracts.
Tuition:
$2,999.00 (Full board tuition in-person classroom)
$2,549.00 (Virtual Instructor - Led)
Credits:
40.0 CPEs
Level:
Intermediate
Delivery Methods:
This course is currently being offered in the following training modalities:
Online: Virtual Instructor-Led. This class is listed as a 5-days course.
In-Person Classroom: This class is listed as a 5-days course.
On-site: Contact our Executive Education Advisor for more information
Learning Outcomes:
- Describe the types of contract audits and the specific purposes of price proposal and historical cost audits
- Determine the allowability of costs using acquisition regulations and cost accounting standards
- Select and apply the methodology and quantitative audit techniques applicable to price proposal and historical cost audits
- Perform price proposal and historical cost audits
Course Outline
Module 1: Overview of Contract Auditing
Module 2: Federal Acquisition Regulations (FAR)
Module 3: Cost Accounting Standards (CAS)
Module 4: Allocation of Costs
Module 5: Quantitative Techniques
Module 6: Performing a Price Proposal Audit
Module 7: Performing the Historical Cost Audit
Potential Careers
Contract Manager
Contract Managers oversee the creation, negotiation, and execution of contracts to ensure compliance with legal and regulatory requirements, and protect the interests of the organization.
Legal Consultant
Legal Consultants provide expert advice on legal matters to businesses and individuals, helping them navigate complex legal issues and develop strategies to mitigate risks.
Corporate Lawyer
Corporate Lawyers specialize in the legal aspects of business operations, including mergers and acquisitions, corporate governance, compliance, and dispute resolution.
Compliance Officer
Compliance Officers ensure that organizations adhere to legal standards and internal policies, conducting audits, developing compliance programs, and addressing any violations.
Fees and Costs
The tuition fee shown is for one year only. Tuition fees increase every year in the majority of cases. You should take this annual tuition fee increase into consideration when you estimate your fees for a degree.
Undergraduate
Duration: 3 Years
Application Fee: $150 (On application)
ICT/Library: $150 Per year
Student Assoc: $10 Per year
Annual Fee: $5,850
Masters
Duration: 1.8 Years
Application Fee: $150 (On application)
ICT/Library: $175 Per year
Student Assoc: $10 Per year
Annual Fee: $5,450
PhD/ Doctorate
Duration: 3 Years
Application Fee: $150 (On application)
ICT/Library: $175 Per year
Student Assoc: $10 Per year
Annual Fee: $6,250
Stay In Touch
If you have a question about this course, our enquiries team will be happy to help.
Contact Information
Visit Us: 3 Bauhinia Str Centurion, Pretoria, South Africa, 0046
Phone: +27 (0) 12 004 0028 OR +27 (0) 72 573 8221
Email: info@ox-edu.co.uk OR exec.edu@ox-edu.co.uk
