Part 30 - Cost Accounting Standards Administration
2025年1月17日 · (i) Conduct a review of the Disclosure Statement to ascertain whether it is current, accurate, and complete; and (ii) Report the results to the CFAO. (2) The CFAO shall determine if the Disclosure Statement adequately describes the …
Changes to Disclosure Statements and/or Established Practices 8-304 Audit of Estimated, Accumulated, and Reported Costs to Ascertain Compliance with CAS and FAR
52.230-3 Disclosure and Consistency of Cost Accounting Practices.
2025年1月17日 · (2) (CAS-covered Contracts Only) If it is a business unit of a company required to submit a Disclosure Statement, disclose in writing its cost accounting practices as required by 48 CFR 9903.202-1 through 9903.202-5.
eCFR :: 48 CFR 9903.202-1 -- General requirements.
(a) A Disclosure Statement is a written description of a contractor's cost accounting practices and procedures. The submission of a new or revised Disclosure Statement is not required for any non-CAS-covered contract or from any small business concern.
52.230-1 Cost Accounting Standards Notices and Certification.
2025年1月17日 · Offerors shall examine each part and provide the requested information in order to determine Cost Accounting Standards (CAS) requirements applicable to any resultant contract.
Cost Accounting Standards Board Disclosure Statement Author: OMB Subject: Cost Accounting Standards Board Disclosure Statement Keywords: Procurement Policy Created Date: 1/17/2002 7:30:03 PM ...
First-Time Contractor's Guide to Completing the CAS Disclosure Form
The Cost Accounting Standards Board Disclosure Statement (CASB DS-1) is the form required by Public Law 100-679 for contractors and subcontractors. Its purpose is to provide consistency in reporting of costs.
A Disclosure Statement is required when a business unit: (1) receives a single CAS-covered contract award of $50M or more, OR (2) received $50M or more in net CAS-covered awards during the preceding cost accounting period.
48 CFR § 9903.202-1 - LII / Legal Information Institute
(1) Any business unit that is selected to receive a CAS-covered contract or subcontract of $50 million or more shall submit a Disclosure Statement before award.
What is a CASB Disclosure Statement? All You Need to Know
A CASB Disclosure Statement is a form whereby a US Government Contractor discloses its cost accounting practices, for which it is required to demonstrate CAS compliance for the life of its active CAS (Cost Accounting Standards) covered awards. The CASB Disclosure Statement, otherwise known as DS-1, has a very rigid format with eight different ...
Once a CAS Disclosure Statement is filed with and approved by the Government, the contractor is required to consistently apply its disclosed CAS accounting practices accordingly.
Cost Accounting Standards (CAS) | www.dau.edu
FAR Part 30, 41 U.S.C. chapter 15, Cost Accounting Standards (CAS), requires certain contractors and subcontractors to comply with CAS and to disclose in writing and follow consistently their cost accounting practices. CAS consists of nineteen standards numbered 401 to 420 (CAS 419 is reserved).
Cost Accounting Standards Guide for Government Contractors
2022年9月7日 · Contractor Disclosure Statements. A disclosure statement (DS-1) is a written description of a contractor’s cost accounting practices and procedures. Contractors are responsible for maintaining accurate disclosure statements and complying with the cost accounting practices therein.
Disclosure Statement, as set forth in this final rule, will improve the cost accounting practices followed by contractors when estimating, accumulating and reporting costs deemed...
Subpart 30.2 - CAS Program Requirements - Acquisition.GOV
Title 48 CFR 9903.201-1 describes the rules for determining whether a proposed contract or subcontract is exempt from CAS. Negotiated contracts not exempt in accordance with 48 CFR 9903.201-1 (b) shall be subject to CAS. A CAS-covered contract may be subject to either full or modified coverage.
Cost Accounting Standards (CAS) Coverage and Disclosure Statement ...
2020年3月20日 · It is also useful in determining whether a CAS-covered contract or subcontract is subject modified or full coverage; and whether a requirement exists to submit a Disclosure Statement.
Understanding the Cost Accounting Standards (CAS) in
This article explains applicability of Cost Accounting Standards (CAS) to individual contracts, determination of Cost Accounting Standards (CAS) full or modified coverage for particular contracts, preparation, submission and settlement of Cost Accounting Standards (CAS) disclosure statements, Cost Accounting Standard (CAS) cost impact proposals ...
Cost Accounting Standards (CAS) - Deltek
CAS Disclosure. An important piece of CAS compliance is the submission of a Disclosure Statement (Form CASB DS-1) to the Administrative Contracting Officer (ACO) to document cost accounting practices in writing (see FAR 52.230-2). This process can be time-consuming and requires specificity.
Cost Accounting Standards Disclosure Statement Tips
What is a Disclosure Statement? Simply put, a DS is a very thorough description of a company’s cost accounting system prepared on a prescribed form. For commercial companies, this form is CASB DS-1 and is 42 pages long, before Continuations Sheets. The form itself is …
Cost Accounting Standards: They’re Policy for Government Contracts
2024年6月12日 · Cost Accounting Standards, or CAS, applies to larger companies and not small businesses. Here’s What We’ll Cover: What is CAS? How Many Cost Accounting Standards Are There? Are Small Businesses Exempt from CAS? What Is a CAS Disclosure Statement? What is CAS? CAS stands for Cost Accounting Standards.
Conformance of the Cost Accounting Standards to Generally …
2025年1月17日 · Response: Although GAAP does not provide for a specific minimum capitalization threshold, the Board has provisionally determined that the competitive constraints, disclosure statement requirements, and retention of CAS 401, which requires contractors subject to CAS to consistently follow their disclosed practices, should adequately protect the ...
Policy Statement on Compliance Assistance Sandbox Approvals
2025年1月10日 · The Disclosure Rule also defines business information as commercial or financial information obtained by the CFPB from a submitter that may be protected from disclosure under Exemption 4 of FOIA, and generally provides that such business information shall not be disclosed pursuant to a FOIA request except in accordance with section 1070.20 …
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