Contract Auditing (AUDT8802)

Graduate School USA | Contract Auditing

Contract Auditing


Gain the knowledge and skills necessary to develop a forward-pricing proposal to address how to evaluate a contractor's 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 Federal Acquisition Regulations (FAR) 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 FAR are included as part of your materials for this course.

Who Should Attend?

Auditors and others involved in auditing forward pricing and historical contracts.




32.0 CPE's

Class Type:

This course is currently being offered in the following training modalities:

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


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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

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