Online, August 6, 2015 (Newswire.com) - WASHINGTON, DC - DCAA audits have been, and will continue to be, tricky territory for government contractors because there are endless regulations to take into account. A delayed or bad audit can seriously limit a contractor's participation in competitive opportunities or could result in significant hits to their bottom line.
Mark Quirk, Director of Business Systems Compliance at Leidos recently spoke with marcus evans about key topics to be discussed at their upcoming 4th Internal Controls and DCAA Audits Conference, October 20-22, in Washington D.C.
"Enhancing Compliance & Monitoring Program for Outgoing Audit Readiness" is the case study you will be bringing to the table. What is so important about these programs?
MQ: As the regulatory and audit environment is in constant flux, it is vital that a contractor builds more mature Business System governance programs to ensure they are effectively addressing these ever- changing governmental regulations and oversight. These governance programs should not only address the current state, but should be able to enable proactive continuous monitoring & testing so that controls can be adjusted with emerging regulations and audit trends.
Where is the value in applying a "forward-thinking approach" to compliance & monitoring programs?
MQ: In addition to what I said above, the value of "forward thinking" is stay ahead of the curve. It keeps you in the proactive mode, staying ahead of the issues that contractors will eventually face when DCAA catches up on its audit backlog and starts auditing "real time." Investing in proactive compliance will keep your business systems approved and this will give you a competitive advantage when bidding on future programs.
What advice do you have for someone who is just entering a position such as yours?
MQ: My biggest piece of advice would be communication (internally & externally). Being able to partner and communicate with your internal stakeholders so that you sustain that constant flow of data & information between the parties. This also enables you to emphasize the importance of government compliance to your internal stakeholders.
It is also important to be able to effectively communicate with your external stakeholders (such as DCAA/DCMA/Customers) so that the contractor understands audit objectives & their general approach. It also enables the contractor to understand the government's perspective of current regulatory/audit developments.
Why is a conference like the 4th Internal Controls & DCAA audits a first-rate place to speak on these topics?
MQ: This conference allows me to exchange ideas, trends, and perspectives with the leaders of the government compliance world. It also allows me to network with these leaders so that I can continue to use them as sounding boards as issues arise at my company.
Mark Quirk is the Director of Business Systems Compliance at Leidos Inc., where he leads the company in governing business system compliance with the Federal Acquisition Regulations (FAR), Defense FAR Supplement (DFARS), and Cost Accounting Standards (CAS). In addition, Mark is responsible for providing advice, training, and guidance to management throughout the company on potential effects of new government contract accounting regulations, DCAA/DCMA policy, and emerging trends. Mark is a Certified Compliance & Ethics Professional and has worked in the defense aerospace industry for 25 years His leadership and management experience also includes Government Contracting, Internal Audit, Defense Contract Audit, Risk Assessment, Cost Estimating, Supply Chain Management, and Materials Management.
For more information regarding the highly anticipated marcus evans 4th Internal Controls & DCAA
Audits Conference, please check out the conference website or contact Nicolette Fiordirosa, Marketing & PR Coordinator, marcus evans at 312-894-6327 or nicolettef@marcusevansch.com.
About marcus evans
Marcus evans conferences annually produce over 2,000 high quality events designed to provide key strategic business information, best practice and networking opportunities for senior industry decision- makers. Our global reach is utilized to attract over 30,000 speakers annually; ensuring niche focused subject matter presented directly by practitioners and a diversity of information to assist our clients in adopting best practice in all business disciplines.
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