Incurred Cost Audit Procedures – Part 2

Incurred Cost Audit Procedures – Part 2

FAR Cost Principles Guide – a chronology of revisions to FAR Part 31 used to determine the cost principles in effect at time of contract award that may be necessary for audits of historical costs (e.g. Incurred cost audits or Claims audits)....
Determining Allowability for Meeting & Meal Expenses

Determining Allowability for Meeting & Meal Expenses

When preparing expense reports, and ultimately claimed expenses on the annual incurred cost submission, it is important to understand how an auditor will be looking at your expenses, and what FAR rules and regulations they will measure those expenses against....
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