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Internal Control Audit Planning Summary

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Overview

This two day seminar provides a thorough understanding of ICAPS compliance requirements and procedures. Day one focuses on the key elements of ICAPS audits and their impact on other related systems, including audits of Information Technology General System Controls, Contractor Budget & Planning System Internal Controls, and Purchasing System Internal Controls. During day two, participants will continue their examination of ICAPS audits, including the achievement and maintenance of compliant internal business systems and steps to prepare for ICAPS audits.

Field(s) of Study: Auditing
Program Level: Intermediate
Delivery Method: Group-live
Program Prerequisites: Government Contract Cost Accounting
Advance Preparation: No advance preparation required

Recommended CPE Credit: 14 credits

Program Registration Requirements
Registration fee $995, includes the price of course materials. Register online by selecting a date and clicking the "Register Now" button in the column to the right, call 1-888-300-8201, fax the completed Seminar Registration Form to 1-888-300-8201, or mail the completed Seminar Registration Form to Federal Contracts Training Center, 2700 Lake Cook Rd, Riverwoods, IL 60015.

Refund Policy
In the case that you cannot attend a seminar, FCTC permits attendee substitutions at any time prior to the start date of the seminar. We remind all participants to properly complete all Master’s Certification, CPE, and other credit documentation upon attending each seminar, including the post-seminar evaluation.

In Case of Cancellation
• If seminar registration is canceled or otherwise changed two weeks or more prior to the start date of the seminar, then FCTC will refund any tuition paid or apply it to a different seminar of the participant’s choice.
• If seminar registration is canceled or otherwise changed less than two weeks prior to the start date of the seminar, then FCTC will not refund any tuition paid; however, any tuition paid can be applied to a different seminar of the participant’s choice as long as he or she contacts FCTC prior to the start date of the seminar.

Complaint Resolution Policy
It is the goal of the FCTC to ensure 100% satisfaction with your seminar experience. If you believe that the seminar you attended did not meet or exceed the expectations of being relevant, well delivered, and professionally valuable, then please contact the FCTC with your concerns at 1-888-300-8201 or online at www.FCTCenter.com. Every reasonable effort will be made to resolve the issue in a timely manner.

CPE Accreditation

NASBA CPE Sponsor

CCH 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.
 

Agenda

Seminar Agenda
Day 1
Overview & Introduction
9:00 – 9:15
ICAPS Basics
9:15 – 9:30
ICAPS Impact on Other Audits
9:30 – 10:00
Break
10:00 – 10:15
Audit of Internal Controls
10:15 – 12:00
Lunch
12:00 – 1:00
Case Study
1:00 – 1:30
Audit of Information Technology General System Controls
1:30 – 2:30
Break
2:30 – 2:45
Audit of Contractor Budget & Planning System Internal Controls
2:45 – 3:30
Audit of Purchasing System Internal Controls
3:30 – 5:00
 
Day 2
Audit of Material Management & Accounting System Internal Controls
9:00 – 9:45
Break
9:45 – 10:00
Compensation System Internal Controls
10:00 – 11:00
Audit of Labor System Internal Controls
11:00 – 12:00
Lunch
12:00 – 1:00
Case Study
1:00 – 1:30
Audit of Indirect & ODC System Internal Controls
1:30 – 2:30
Break
2:30 – 2:45
Audit of Estimating & Billing Systems Internal Controls
2:45 – 3:30
Preparing for ICAPS Audits
3:30 – 5:00

Presenters

Ki Capitano

Ki Capitano is currently a consultant providing consultation, advice, assistance, and training on government contract financial and other regulatory compliance matters. Ki began his career in government contracting in 1976, working as a contract auditor for the Defense Contract Audit Agency (DCAA). While with the DCAA, he performed a full range of contract audits of government contractors and contract audit functions.

He worked as an instructor at DCAA's contract audit institute in Memphis, TN designing, developing, and delivering training courses to DCAA auditors and managers in both technical and managerial subjects, as well as supporting briefings to industry and other government agencies, and worked at DCAA headquarters as program manager, responsible for a variety of audit initiatives. Ki also worked for KPMG Peat Marwick as a manager responsible for designing, developing, and delivering training courses and providing advice to clients regarding government contract regulatory compliance issues in a wide variety of areas.

Ki holds an MBA from George Mason University, is a retired CPA, a Certified Cost Analyst, a former member of the of the American Production and Inventory Control Society's Aerospace and Defense Specific Interest Group Steering Committee, and a member of the Virginia Society of CPAs.

Registration Fee

$995

Dates and Locations
  • June 29, 2010 - June 30, 2010
  • 8000 Towers Crescent Drive, Suite 350
    Vienna, VA

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  • October 21, 2010 - October 22, 2010
  • 8000 Towers Crescent Drive, Suite 350
    Vienna, VA

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