Industry News & Updates

Stay current on the latest in the industry

Industry News & Updates

Stay current on the latest in the industry

PPP Forgiveness, Claimed Cost, and Incurred Cost Submissions

To assist emerging government contractors with the Incurred Cost Submission (“ICS”) process we have compiled responses to a few of the questions we are commonly asked. If you need further assistance or have additional questions with the ICS process, contact us at www.ChessConsultingLLC.com. Our professionals have extensive experience with developing indirect cost rates and assisting contractors with ICS preparation.

Incurred Cost Submission

To assist emerging government contractors with the Incurred Cost Submission (“ICS”) process we have compiled responses to a few of the questions we are commonly asked. If you need further assistance or have additional questions with the ICS process, contact us at www.ChessConsultingLLC.com. Our professionals have extensive experience with developing indirect cost rates and assisting contractors with ICS preparation.

PCAOB 2020 Inspection Observations – How Internal Audit Can Help

While companies and external auditors alike have responded admirably to the many challenges that arose in 2020, the Public Company Accounting Oversight Board (PCAOB) recently released a report that uncovered recurring problem areas in the financial statement audits of 2020. The internal audit function can help your organization face the issues identified in the PCAOB’s report by assisting with communication and coordination efforts during the financial statement audit process.