An Introduction to the Incurred Cost Submission Part I: Who, What, Where, When, Why and How?

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Has your company has been required to submit an Incurred Cost Submission (ICS) for the first time or would you like to find out more about the submission requirements? Are you aware of the ICS reporting impacts of Payroll Protection Program (PPP) Loans, PPP Loan forgiveness, Coronavirus Aid, Relief, and Economic Security (CARES) Act - Paid Leave (Section 3610), and the Employee Retention Credit (Section 2301)?

Join Mike Mardesich and Brad Tress of DHG’s Government Contracting group as they walk through the Incurred Cost Submission life cycle from initial requirement, through preparation, submission, audit and closeout. If your company is new to ICS or you need to learn more about submission guidelines and the impacts of the COVID-19 related legislations passed in the last year, register now.

Topics we will address include:

  • What is an ICS?
  • Who is required to submit an ICS?
  • Where do I submit an ICS?
  • Why is an ICS required?
  • When must an ICS be submitted?
  • What to do if you have missed the ICS submission deadline?
  • ICS evaluation process
  • DCAA's timeliness requirements
  • What comprises an adequate ICS?
  • How is an ICS selected for audit?
  • How to prepare for an audit
  • How to report the impacts of Coronavirus Aid legislation
Presenters
  • Mike Mardesich, Senior Manager
  • Brad Tress, Senior Manager
CPE Information

Recommended CPE Credit

One hour of CPE (pending approval).

Delivery Format

Group Internet Based (each attendee must be logged in and answer the poll questions in order to receive CPE credit).

Who Should Attend

Individuals in the government contracting sector

Prerequisites / Advance Preparation

None

Course Level

Basic

Program Content

High level discussion on Incurred Cost Submission and its implications on the government contracting sector

Policies

This event is complimentary. Due to this program being offered free of charge, there will be no refunds issued. If you have any questions regarding administrative policies such as registration or cancellation, please contact DHGevents@dhg.com.

Questions

Please direct any CPE related questions to DHGU@dhg.com.

Dixon Hughes Goodman LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through the web site: www.nasbaregistry.org/.

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