This one-day course provides contractors with a comprehensive framework for assessing and managing compliance risks in government contracting. Attendees will gain insights into various types of risk, the concept of materiality, and the application of relevant laws and regulations, including DFAR provisions. By exploring practical examples and current trends, participants will learn how to navigate and mitigate risks effectively in a federal contracting environment. Key topics include: • Understanding how risk impacts compliance and operations • Introduction to the COSO Risk Framework • Class-led and instructor-led applications of risk concepts • Defining U.S. Government compliance risks • Designing effective internal controls for regulatory compliance • Monitoring compliance in evolving risk landscapes • Emerging risks in U.S. government contracting Who Should Attend: This course is designed for contract professionals in accounting and cost functions, risk managers, compliance professionals, finance managers and directors, and corporate counsel responsible for managing compliance risk in government contracting. Learning Objectives: After completing this course, participants will be able to: • Understand the importance of risk assessment and its application • Recognize key concepts and thresholds in compliance risk assessment • Apply the COSO Risk Framework and its five key components • Design an effective internal control environment aligned with DFARs and regulatory standards • Monitor and address emerging risks in government compliance Gain the tools and knowledge to confidently assess and mitigate risks, ensuring compliance and safeguarding your organization’s success in government contracting.