Cost Accounting Standards (CAS), promulgated by Part 30 of the Federal Acquisition Regulation (https://www.acquisition.gov/far/part-30#FAR_30_101), maintains specific requirements for a US Government Contractor when they apply to a US Federal Government Contract.
A CAS Covered Contract is one that meets specific qualifications that trigger CAS Coverage. The qualifications, exceptions, and other conditions that determine CAS Applicability, Coverage Type, and Disclosure Requirements can be confusing. Our blog post: What Are CAS Covered Contracts? lists these qualifications and additional detail on the matter. To provide added clarity for the visual learner, we’ve put it all into one clean illustration:
Download the CAS Flowchart Here: CAS Applicability Flowchart.