Description
Join DCAA for a comprehensive webinar that explores the world of Incurred Cost Submissions (ICS). This interactive session will provide you with a thorough understanding of the ICS process, including the definition, due dates, and requirements for submission. Gain a solid foundation of the ICS required schedules and let DCAA provide you with the knowledge and tools needed to ensure compliance and avoid penalties.
Takeaways: Understand the definition and purpose of an Incurred Cost Submission, learn the due dates and requirements for submission, gain insight into the adequacy review process and audit requirements, grasp the concepts of the Incurred Cost Electronically (ICE) Model and Contractor Submission Portal, and develop a knowledge of the potential penalties for non-compliance.
Target Audience: Government contractors—particularly those working with the Department of Defense—and the professionals responsible for preparing, reviewing, or supporting Incurred Cost Submissions. This training is especially relevant for business owners, accounting and finance professionals, controllers, CFOs, contract administrators, compliance professionals, and GovCon consultants.
Meet Your Instructor:
NICHOLAS SMITH, Customer Specialist, DCAA Directorate, Navy Team
Mr. Smith is Customer Specialist and is located on-site at customer locations to provide effective liaison and financial advisory services that help enhance this working relationship and articulate/convey varied, complex and at times, controversial and/or sensitive complex contract audit and accounting requirements. The Customer Specialist provide highly experienced movement auditing professional support to assigned Defense agencies (e.g., Army, Navy, and Air Force) and non Defense organizations at major procurement sites.
Mr. Smith graduated from Park University in El Paso, Texas with a Master of Business Administration and graduated from the University of Texas (Utep), El Paso, Texas with bachelor’s degrees in accounting and computer (dual major).
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