Description
Delivered by the Defense Contract Audit Agency (DCAA), this comprehensive on-demand course explores the Incurred Cost Submission process, including its purpose, due dates, and submission requirements.
You will learn about:
- The definition and purpose of an Incurred Cost Submission
- Required ICS schedules
- Submission deadlines and requirements
- The adequacy review process
- Audit requirements
- The Incurred Cost Electronically (ICE) Model
- The Contractor Submission Portal
- Potential penalties for late, inadequate, or noncompliant submissions
By the end of the course, you will have a clearer understanding of how to prepare and submit an adequate Incurred Cost Submission and reduce the risk of delays, penalties, or compliance issues.
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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