Trending Topics in Contract Auditing 

Overview: 

Auditing contracts is a necessary function for internal auditors. Organizations negotiate, execute, and deliver a variety of contracts with both vendors and customers.  The risks associated with contracting can be significant and evolving.  It’s critical for organizations to properly manage its contracts in light of those risks.   

In this instructor lead presentation we’ll discuss the trending topics within contract auditing.  We’ll discuss hot button issues that internal auditors should consider when developing their audit programs.  We’ll also provide current examples where these issues have come to light.

Topics include:
• Sufficient internal policies and procedures
• Contract Set up process and establishment of key elements
• Subcontract management process
• Invoicing and Terms and Conditions

By the end of this presentation, participants will better understand the emerging issues.

Presenter Bio

Allen B. Devine, CPA, CGFM

Allen Devine is a senior manager with KPMG’s Risk Management – Government group.  Since graduating with a Bachelor’s of Accountancy from The George Washington University in 2003, Allen has led, supervised, or participated in the financial statement audits of a number of Federal, state, and local government entities, not-for-profit organizations, and commercial entities, with broad exposure to accounting standards promulgated by the FASAB, GASB, and FASB.  Allen currently assists KPMG teams in understanding and mitigating risk for a variety of government engagements.  In addition, Allen has served as a KPMG sampling specialist and national instructor.  Outside of KPMG, Allen serves as treasurer on the board of a local not-for-profit in the DC area and is an adjunct professor at GWU, teaching Government and Not-For-Profit accounting and auditing.

Course Duration: 2 hours 

CPE Hours Available: 2 NASBA 

Knowledge Level: All levels

Field of Study: Auditing

Prerequisites: None.

Advance Preparation: None.

Delivery Format: Group-Live 

Fees:  

Member: $45 register and pay by 11/6/13| $55 register and/or pay after 11/6/13

Non-member: $55 register and pay by 11/6/13| $65 register and/or pay after 11/6/13

In order to receive the early discounted rate, you must pay for the event by 11/6/13.  Please see the refund and forms of payment policies at the bottom of this email.

Refund Policy: We understand that sometimes conflicts occur that may prevent you from attending an event for which you have registered. However, the DC Chapter is required by our venues to provide a final head count, and we are obligated to pay for anyone who has registered. If you are unable to attend the event, you must notify us 3 days prior to the event, and we will credit your prepaid registration fee to a future event. If you do not pay at the time of registration, we will send you a reminder notice of your registration. If you do not respond to the reminder confirming your attendance, we will cancel your registration and open your reserved place to other individuals.   

Forms of Payment: We accept credit cards on the registration form. If you intend to pay using paypal, it is best to do this at the time of registration. It is difficult to re-access the PayPal link after you have finalized your registration. 

Cash and Check: You may also pay by cash or check at the door on the day of the event. We are unable to accept credit cards at the door. Keep in mind that if you pay at the door, you will pay the higher rate even if you registered early. 

Registration Deadline: Monday, November 11,  2013

Schedule: 11:00-12:00 Sign in| 12:00-1:00 Lunch| 1:00-3:00 Presentation

Menu:   Lunch will be provided

 

Institute of Internal Auditors-Washington DC 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.learningmarket.org.

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