What is the purpose of the Incident Cost Accounting System (ICAP)?

The Incident Cost Accounting System (ICAP) is specifically designed to assist in tracking and managing incident costs. It enables incident management teams to gather, analyze, and report on various financial data related to an incident, which is crucial for understanding the financial implications of response efforts. Accurate cost tracking ensures that appropriate financial resources are allocated, and it facilitates reimbursement processes once the incident is resolved. This systematic approach helps organizations maintain fiscal accountability and provides valuable information for future incident response planning.

In contrast, reviewing personnel training does not align with ICAP's specific focus on financial management. Documenting only direct cost expenses would be limiting since ICAP encompasses both direct and indirect costs to give a comprehensive view of overall expenditures. Similarly, overseeing resource deployment pertains more to logistical management rather than the financial tracking and accounting that ICAP is designed for.