What is an Incurred Cost Audit?

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KPMG Federal Audit
KPMG helps federal agencies achieve their mission with efficiency, accountability, and transparency.

Incurred Cost audits are used to bring transparency to government spending, and ensure uses of federal funds are in compliance with regulations/contractual requirements. Performance of these audits encourages a risk aware culture, and can identify instance of noncompliance which require repayment of funds to the government for efficient and lawful use of government dollars.

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What is an Incurred Cost Audit?

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