IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Construction Recordkeeping and Documentation Requirements for Government Contracts

$149.00

SKU: 411163

Description

Understand the enforcement mechanisms involved in addressing alleged violations of contractual or legal obligations related to recordkeeping.
The increase in government contracting for construction and other projects, to more than 690 billion in federal spending during fiscal year 2022, has been accompanied by increased scrutiny of performance, performers and security of the contracts. This webinar examines recordkeeping law and regulations for government contractors, and incorporation of these requirements into your companys data retention and security programs.

Date: 2024-04-23 Start Time: 1:00 PM ET End Time: 2:05 PM ET

Learning Objectives

* You will be able to identify types of records, retention periods, and other recordkeeping measures for compliance with government contractual requirements.

* You will be able to understand statutory and regulatory frameworks relevant to recordkeeping, including the types of records and their retention requirements.

* You will be able to develop knowledge and skills in managing investigations and other potential disclosure events related to recordkeeping, ensuring transparency and adherence to legal requirements.

* You will be able to acquire the ability to harmonize multiple priorities in recordkeeping, balancing legal, business, and technological considerations for effective and efficient documentation.

Baselines: What We Assume You Already Have
• Written Documentation for Policies and Processes to Identify and Describe Practices and Records That Have Legal or Business Significance
• Provisions for Updating Policy and Process Documentation Consistent With Audit, Regulatory or Other Business Planning Cycles

Current and Developing Issues in Recordkeeping and Documentation Requirements
• Statutory and Regulatory Frameworks: Types of Records and Retention Requirements
• Reporting Requirements
• Investigations and Other Potential Disclosure Events
• Enforcement of Alleged Violations of Contractual or Related Legal Obligations

An Eye to the Future: Dynamic Frameworks to Harmonize Multiple Priorities

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ENG ,ISM ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Robert W. Dibert-Frost Brown Todd LLP, Lindsay P. Graves – Frost Brown Todd LLP, Connie Wilkinson-Tobbe – Frost Brown Todd LLP

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Construction Recordkeeping and Documentation Requirements for Government Contracts

$219.00

SKU: 407421

Description

Explore the recordkeeping requirements for government contractors and learn how to establish compliant recordkeeping practices.
All federal contractors are required to maintain and keep records, yet many are unfamiliar with the nuances of these obligations to ensure their companys recordkeeping practices and procedures comply with applicable laws and regulations. What types of records must or should a government contractor keep? How long should a government contractor keep contracting records? Where should government contractor keep its records? When does the obligation to maintain records arise? This topic explores the recordkeeping requirements for government contractors and helps explain how to establish compliant recordkeeping practices. Recordkeeping may sound like a mundane and tedious task, but when faced with an audit or claim, properly kept records that can be quickly identified and utilized makes all the difference.

Date: 2020-08-25 Start Time: 1:00 PM ET End Time: 2:30 PM ET

Learning Objectives

* You will be able to discuss the implications and penalties for failing to properly maintain and keep records.

* You will be able to identify the sources of law that mandate specific recordkeeping practices.

* You will be able to recognize the types of records your company is obligated to maintain and keep.

* You will be able to review your companys recordkeeping practices and procedures to ensure best recordkeeping practices.

Introduction

Origins of Contractors’ Recordkeeping Requirements
• Federal Acquisition Regulation (FAR)
• Defense Federal Acquisition Regulation (DFAR)
• General Services Acquisition Regulation (GSAR)

Recordkeeping How-To’s
• Types of Records to Maintain
• Time for Keeping Records
• Methods of Keeping Records

Access to Contractors’ Records
• Disclosure Under the Freedom of Information Act
• Audits by the Defense Contract Audit Agency
• CIDs and Other Compelled Disclosures

Variations
• Specific Contract Terms
• State Law

Penalties

Questions and Answers

AIA ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,ENG ,ISM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Paul Ghazaryan-Alston & Bird LLP, Andy Howard – Alston & Bird LLP, MJ Kim – Alston & Bird LLP