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The Defense Contract Audit Agency (DCAA) plays a pivotal role in ensuring that government funds are used responsibly and that contractors comply with federal regulations. A key component of this compliance is the preparation and submission of Incurred Cost Submissions (ICS), which are essential for contractors handling cost-reimbursable contracts. The ICS allows the DCAA to audit costs incurred by contractors and confirm they align with government requirements, ultimately safeguarding the integrity of public funds.
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