### Question
How is the "qualified incurred cost submission" defined?


### Answer
The term **qualified incurred cost submission** is defined in *10 U.S.C. § 3842* as follows -

> a submission by a contractor of costs incurred under a flexibly priced contract that has been qualified by the Department of Defense as sufficient to conduct an incurred cost audit

#### Citation:
  - *10 U.S.C. § 3842*
  - Heading: **Subtitle A-General Military Law > PART V-ACQUISITION > Subpart D-General Contracting Provisions > CHAPTER 279-CONTRACTOR AUDITS AND ACCOUNTING**

