ACCT 625: GovCon Audit and Compliance Master Syllabus
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Course Website: Canvas
Course Description
This course will provide students with an understanding of the audit and assurance requirements for government contracts. Students will gain knowledge about various audit programs and the associated regulatory guidance providing audit criteria applicable to government contracts and contractors.
Course Objectives
- To provide students a framework to understand the role that audits play, their purpose, and the value that they provide in the government contracting industry.
- To enable students to assess various government contracting obligations in terms of regulatory review criteria while understanding related organizational impacts.
Representative Text and Course Materials
- Government Auditing Standards (Yellow Book)
- Federal Acquisition Regulation (FAR) and FAR Supplements
- Cost Accounting Standards (CAS)
- Defense Contract Audit Agency (DCAA) Contract Audit Manual (DCAM)
- Defense Contract Management Agency (DCMA) Guidebooks o Contractor Purchasing System Assessment (CPSR) o Government Contract Property Administration
- Code of Federal Regulations (CFR) Section 29
- Select readings and case studies
The above referenced materials are available via the web.
Curriculum Topics
Curriculum topics include:
- Overview of Key Audit Stakeholders and Audit Types
- Yellow Book Standards
- DCAA Audits
- DCMA Audits
- General Services Administration (GSA) Office of Inspector General (OIG) Oversight
- Department of Labor (DOL) Wage and Hour Division Oversight
- Cybersecurity Maturity Model Certification (CMMC) Assessments
Course Policies
This course will be completed over 8 classes. Sessions are live on Wednesdays from 7:20 – 10:00pm starting March 18th and ending May 6th. Attendance in each live session is required. Some lectures will feature guest instruction, and all will be delivered online using Goerge Mason University Zoom. Please refer to the Zoom tab on Canvas for access to each course during the regularly scheduled time. The Zoom Meetings are available to enter the waiting room starting at 7pm and class will begin at 7:20pm. Please plan to show yourselves and participate via video camera.
Virtual Classroom Etiquette
Video: Students are expected to have their camera on during class
Background: Please make sure you do not have anything distracting or inappropriate.
Mute: Please keep yourself on mute except when you are speaking
Chat: We will monitor the chat periodically during class. If we miss something, please let us know before class ends.
Grading
Grades will be determined by exams, in-class quizzes, group discussions, homework assignments and participation including attendance.
- A 90-100%
- B 80-89%
- C 70-79%
- F Below 70%
| Assessment Description | Due Dates | Weight |
|---|---|---|
| Six Quizzes | After Class 1 -7, except Mid-Term week | 15% |
| Mid-term Exam | After Class 4 | 25% |
| Final Exam | After Final Class | 30% |
| Attendance & Participation / Discussion Board / Homework | All weeks | 30% |
| 100% |
Quizzes: Six Quizzes
Exams: Mid-Term & Final Exams
Quiz and Exam Make-Up Policy: Within 5 Days
Homework Assignments: Due before next class
Assignment Make-Up Policy: Extraordinary Circumstances Only
Class Engagement/Participation: Ongoing
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