Contract Compliance
Sponsored by:
Thursday, July 22, 2010
Location: Centre Club 123 South Westshore Blvd.,
Tampa, FL 33609
(Map)
Time: 7:30am – 8:00am: Registration
& Breakfast; 8:00am – 10:00am: Meeting
Cost: $25 (This is not part of the
Pre-paid Seminar Package), includes a hot buffet
breakfast
Are you losing money?
If your company has self-reporting contractual
agreements that are not monitored or reviewed, the
answer is probably yes. Our experience
indicates that 90% of contract examinations identify
misreporting, where losses in the hundreds of
thousands of dollars, to millions, often resulting
from clerical errors, accounting mistakes or
contract misunderstandings. Many of those
losses could have been prevented through effective
contracting, monitoring and auditing processes and
controls -- In this economy can your businesses
afford to leave money on the table? Jonathan
Kurtz, a Director in PwC's Contract Compliance
Services practice, will lead an interactive session
on the contract compliance, and value-generating
opportunities available to CAE's.
"I advise auditors to start by targeting the
“low-hanging fruit” — audits that generate
measurable financial savings. Ripe areas for review
tend to be contract administration, supplier fraud
[etc.]… This kind of nuts-and-bolts, cash-saving
activity will certainly reinforce internal
auditing’s value to chief financial officers and
CEOs… "-- Richard Chambers, IIA President and CEO
What is "Contract Compliance":
Holistic
contract management process, focused on the
following:
- Contract and business relationship inventory and
risk assessment
- Compliance reviews of business partners (can also
include self/defensive assessments)
- Developing ongoing controls and continuous
monitoring
Why Beneficial:
- Immediate quick hits that can generate significant
future savings and recoveries, along with control
enhancements
- Lasting value to your organization, Internal Audit
credibility and enhanced relationships with affected
business functions (Legal, Purchasing, Sales,
Operations, Finance, etc.)
Which Companies Benefit Most:
- Larger companies with significant suppliers/vendors
relationships, licensing (IP), distribution or
construction activities, etc.
- Agreements with self-reporting terms or complex
pricing - distribution, cost-plus pricing, most
favored nation pricing, licensing, etc.
- Cost conscious companies, or those most interested
in addressing revenue leakage.
Please see attached placemat for additional
insights.
About our speaker
Jonathan Kurtz
Director Internal Audit & Contract Compliance
Advisory Services
PricewaterhouseCoopers LLP, Fort Lauderdale, Florida
Professional Experience
Jon is a Director in PricewaterhouseCoopers'
Internal Audit and Contract Compliance Services
Group. He has 12 years of accounting and
advisory consulting experience, including financial
statement audit, internal audit, and contract
compliance. Jon specializes in value-enhancing
services for his clients, most notably risk and
control consulting, and business partner compliance
programs. Mr. Kurtz has helped to develop control
enhancements and monitoring mechanisms to reduce
revenue leakage, supplier overpayments and other
enterprise risks. Further, he has worked with
clients to mitigate the impact from ever-changing
risks and challenges arising from business
relationships, such as grey market and warranty
service abuse.
Focusing extensively on contract compliance
assessments for various industries and relationship
types (e.g., procurement and sourcing,
royalties/licensing, distribution, etc.), Leveraging
refined methodologies and sophisticated data
analysis tools, he has identified contract
violations and contract management opportunities
valued at over $100 m, inclusive of both cash
recoveries and future savings.
Professional
Mr. Kurtz has been a licensed CPA in Pennsylvania.
Education
B.S. Accounting with a minor in Economics, Grove
City College, Pennsylvania
This meeting qualifies for
2 CPE credits
Seating is limited. Reserve your space below:
Online registration closed.
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