One of three webinars in this series on DCAA audits of incurred cost proposals (ICPs), we will be identifying trends in DCAA’s audit exceptions (cost questioned) including both direct contract costs as well as the indirect costs. The challenges to contractors will be unlike any before as DCAA strives to demonstrate that it is protecting the taxpayer regardless of the financial impact on contractors. Those challenges will involve cost allowability, penalties for expressly unallowable costs and DCAA expectations for very time compressed contractor response times to draft audit results.
This webinar will include topics such as:
- Identifying the FAR contract clauses which pertain to the final indirect cost rates and the penalties for claiming expressly unallowable costs,
- Identifying the DCAA audit policies and audit programs relevant to incurred cost audit exceptions, contractor rebuttals and reporting audit results
- Identifying the DCAA form applicable to issues where contractors do not concur with audit exceptions,
- Identifying FAR provisions which define documentation requirements as well as records retention.