Contract Property Management Systems Audit and Self Assessment

This course is specifically designed to meet the needs of Government Contractors and Government Agencies who have responsibility and liability for maintaining control over Government Property in their possession. Its Primary focus is on the performance of the Government required Property Management Systems Audit. This course builds upon the “Government Property Fundamentals” Course. Property Management Systems Audit is one of the those fields in the contracting arena that requires highly specialized training.


This course has been organized in a clear, concise manner to present the requirements for performing a Property Management Systems Audit established by the Government through the requirements of DoD 4161.2-M as well as Generally Accepted Audit Standards (GAAS),


Specific topics concerning the Property Management System Audit include:

  • System Audit Planning
  • Types of Systems Audits
  • Scheduling
  • Entrance Conference
  • Statistical Sampling
  • Analysis of Functions:
    • Property Management
    • Acquisition
    • Receiving
    • Identification
    • Records
    • Movement/Storage
    • Physical Inventories
    • Reports
    • Consumption
    • Utilization
    • Maintenance
    • Subcontractor Control
    • Disposition
    • Contract Closeout
  • Analysis of Data
    • Statistical Samples
    • Judgement Samples
  • Exit Conference
  • Corrective Action Plans
  • System Audit Summary

Methods of Instruction

Lecture and discussion are the primary methods of instruction. This allows for the greatest personalization of the instructional materials based upon the needs of the requesting organization. To allow for this personalized instruction, the maximum size of each class is limited to twenty five (25) students.


An extensive up-to-date is available covering all of the regulatory information necessary for this course.

Duration of Course

This course is four and one-half (4.5) days of classroom instruction. An average day consists of six (6) hours of classroom instructions and two (2) hours of homework assignments for the students and, as required, additional time will be spent in individualized consultations with the instructor.