Government contractors with cost reimbursable contracts must file annual Incurred Cost Submissions that meet the requirements of FAR 52.216 7 and DCAA audit standards. Diener & Associates provides end-to-end support that ensures your submission is accurate, complete, and ready for audit review.
Accurate Indirect Rate Calculations
A compliant Incurred Cost Submission relies on well structured indirect rates that reflect your actual operating costs. We calculate your final indirect rates, confirm pool and base alignment, and validate that the resulting rates support both compliance and sound financial management across your contracts.
Preparation of Schedules and Supporting Documentation
The ICS requires a detailed set of schedules, including Schedule A through Schedule O. We prepare all required statements, reconcile amounts to your accounting system, and assemble supporting documentation that demonstrates accuracy and transparency to DCAA reviewers.
Review of Allowable and Unallowable Costs
We examine your cost records to confirm proper classification under FAR Part 31. Our review helps ensure unallowable costs are removed, indirect pools are correct, and labor costs align with DCAA requirements before the submission is filed.
Submission Readiness and Error Prevention
Incomplete or inaccurate submissions can lead to audit findings, questioned costs, or delayed closeout. We identify discrepancies early, address inconsistencies, and ensure your ICS is organized, supported, and ready for timely submission to the government.
Audit Support for ICS Reviews
If your submission is selected for audit, we provide additional assistance to prepare explanations, gather evidence, and support your position. Our team helps you navigate auditor requests and maintain clarity throughout the review process.
A Reliable Partner for Annual Compliance
As part of ongoing support, we help contractors refine their cost tracking, indirect structures, and reporting practices to reduce future ICS burdens and strengthen audit readiness. Our expertise ensures your annual submissions remain compliant and efficient year after year.