Incurred cost audit

How an incurred cost audit actually runs

From the day you file your submission to the day your rates are settled. Open each stage to see what DCAA does and what you should have ready.

This is the audit of your actual costs, after the year is closed. It is different from the pre-award review (Audit Program 17740 and SF-1408), which looks only at the design of your system before an award.
What happens What to have ready

How WiseCost helps. WiseCost keeps the general ledger, job cost detail, timekeeping, and indirect rate calculations tied together inside QuickBooks Online, with an immutable audit trail. When the auditor traces a schedule back to source, the trail is already there.

Book a demo Take the self-assessment

Sources: DCAA overview of the audit process and Contract Audit Manual, Chapter 6 (Incurred Cost), both public at dcaa.mil; the DCAA ICE model for the submission; and cost allowability under FAR Part 31. Submission timing follows FAR 52.216-7. Educational summary, not a substitute for the regulations or your CPA.