Overview

This FREE webinar will offer attendees an overview of the Property Management System Audit (PMSA) process, including how a government property audit is conducted from initial notification through the exit conference. The session will address key regulatory requirements under FAR 52.245-1 and DFARS 252.245-7003, audit scope and risk-based triggers, and the core elements of a compliant property management system. Attendees will gain clarity on common deficiencies, expectations for corrective action, and how audit results affect system approval and ongoing oversight. This webinar is designed to help government contractors strengthen compliance, improve audit readiness, and align their property management processes with current regulatory expectations.

Learning Objectives

At the completion of this one-hour webinar, participants will be able to:

  • Define a PMSA and explain its purpose within the government contracting environment.
  • Identify the key regulatory requirements and audit criteria for contractor property management systems.
  • Assess the risk factors and triggers that influence when and how a PMSA is conducted.
  • Differentiate between standard and limited PMSA approaches and determine how each impacts audit scope and expectations.
  • Evaluate the required elements of a compliant property management system and identify gaps that may impact audit outcomes.
  • Identify common contractor deficiencies and apply corrective action strategies to address audit findings and improve system performance.

Program Content

During the webinar, our faculty will discuss the following topics:

  • PMSA overview and regulatory framework (FAR 52.245-1 and DFARS 252.245-7003)
  • Types of PMSAs and associated audit scope and frequency
  • Risk-based triggers and evaluation criteria used to initiate a PMSA
  • Audit scope and required outcomes under FAR 52.245-1(f)
  • Government property categories, including Government-furnished property and contractor-acquired property
  • Government contractor property management system components, controls, and documentation requirements
  • Common government contractor deficiencies identified during PMSAs
  • Corrective action requirements, auditor findings, and government contractor response expectations

About Redstone GCI

RGCI enables contractors doing business with the U.S. government to comply with the complex and challenging procurement regulatory provisions and contract requirements by providing superior cost, pricing, accounting, and contracts administration consulting expertise to clients expeditiously, efficiently, and within customer expectations. Our consulting expertise and experience is unparalleled in understanding unique challenges of government contractors, our operating procedures are crafted and monitored to ensure rock-solid compliance, and our company’s charter and implementing policies are designed to continuously meet needs of clients while fostering a long-term partnership with each client through pro-active communication with our clients.

For more information, contact:

training@RedstoneGCI.com
256-704-9811

Redstone Government Consulting, Inc.
501 Madison Street SE, Suite 100
Huntsville, AL  35801
Website: www.redstonegci.com