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Every government contractor that has Cost Plus Fixed Fee / Award Fee / Incentive Fee as well as certain Time and Material contracts has their annual indirect rates audited by either DCAA or by a civilian agency appointed auditor to settle indirect costs and rates as well as direct costs on a yearly basis. Learning how to use the widely-accepted DCAA ICE template will aid in submitting your annual incurred cost submission to settle your yearly indirect rates and ensure an adequate submission. If you are involved with government contracting, this is a must-hear webinar on preparing your annual indirect incurred cost submission. This presentation is a detailed
and comprehensive review of DCAA's "ICE" template. We will also discuss the technique developed by DCAA to improve the speed of accomplishing their incurred cost audits using the low-sampling pool.
Key Learning Objectives
- Learn about the common indirect rates in the context of preparing your annual final indirect rates
- Develop skills necessary for not only preparing the DCAA "ICE" submission but also the key areas of reconciliation
- Acquire the confidence to reconcile the entire ICE submission model to your annual Statement of Income
- Understand the component items including general ledger expense accounts that will be required to be entered into the ICE submission since it is based on historical cost
- Gain insights into how to increase your chances of having the cognizant agency auditor determine your initial submission is adequate to avoid doing it over and over
- Connect with an expert with over 30 years experience to obtain personalized advice outside of this webinar
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Paul H. Calabrese
Mr. Calabrese is currently a senior manager in the certified public accounting firm of Rubino & Company, providing accounting and consulting services to the Firm's government contracting and nonprofit grant clients. He has over 30 years of professional experience. Twenty years experience at a public accounting firm in their government contract consulting group, 13 years with three government contractors and 5 years with two DOD audit agencies and particularly as a DCAA auditor.
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