Completing Incurred Cost Submissions (DCAA’s ICE Model)
What is an Incurred Cost Submission? Incurred cost electronic submissions are compilations of various schedules of your costs, presented in a specific way, submitted to the DCAA for their review and audit. The submitted ICE model is a true up of your actual indirect costs incurred over the prior fiscal year to what was provisionally […]
PROCAS has Achieved a SOC 2 Type 2 Report
PROCAS invests in establishing and maintaining currently recommended security practices to make sure your data stays safe. Today, we’re excited to share a milestone achievement in our continuous improvement process! PROCAS has achieved the AICPA Service Organization Controls (SOC) 2 Type 2 report with an unqualified audit opinion. In addition to our SOC 2 Type […]
Change in Government Fiscal Year
For clients that operate on a government fiscal year basis, please remember to address the following items in accordance with the year change on October 1st! Required May Be Required* *If you operate on a calendar basis but have contracts that operate on a government fiscal year basis, not all of the above items will […]
Types of DCAA Audits for Government Contractors
Being the largest purchaser of goods and services in the world, it is no wonder that businesses large and small want to work with the United States Federal Government. With an average of $500 billion spent annually, many view federal contract procurement as a potential revenue stream to grow their business. However, many of these […]
How PROCAS Addresses the SF1408 for Government Contractors
One of the biggest challenges government contractors face is putting together a compliant system that passes DCAA requirements. As most know, developing a DCAA compliant accounting system is a little more complicated than just purchasing accounting software. It is the total incorporation of a company’s best practices, policies, and procedures into a system that allows contractors to […]
