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 parts: […]
CAS Compliance
When applicable, compliance with Cost Accounting Standards (CAS) is one of the single hardest challenges contractors face in their accounting and compliance programs.
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Once a single award is CAS covered, a contractor’s universe changes. Contractors need to measure their readiness for the award of a CAS-covered contract.
Additionally, those contractors who are already CAS-covered have requirements for monitoring compliance ensuring that they bid, book, and bill costs consistent with their disclosed cost accounting practices.
Changes in cost accounting practices in a CAS covered environment bring with it the requirement for cost impact analysis. RKI can assist in navigating CAS including:
- Evaluation of readiness for a CAS covered award
- CAS applicability evaluation
- Administration of cost accounting practice changes, including cost impact analyses
- Evaluation of CAS compliance with specific Cost Accounting Standards
- Preparation/Revision of CASB Disclosure Statements
CAS Compliance Services
Our team is skilled and experienced in navigating CAS compliance and CASB Disclosures.
Implementation
Becoming a Contractor with CAS-Covered contracts is no small feat, nor is it simple to implement the 19 standards. We will help analyze your organization for risk exposure to CAS noncompliance, and devise and execute a plan to fill those gaps with consideration for your oragnization's unique structure.
Cost Impact Analysis
It is important to stay ahead of your cost accounting practice changes, especially as a Contractor with CAS-Covered contracts. We can help analyze the impact of desired, needed, or previously made cost accounting practice changes on affected proposals, and contract claims, and billings. We can also assist on how to best handle cost impact statements and general dollar magnitude (GDM) estimates.
CAS Readiness Reviews
RKI routinely performs CAS readiness reviews of contractors, including an evaluation of current state practices to determine if they are ready to comply with the Cost Accounting Standards (CAS) so that contractor’s can have confidence they are ready to comply with CAS prior to having it apply to their awards.
CAS Compliance
Frequently Asked Questions
Our team is skilled and experienced in navigating CAS awards and the potential pitfalls that come with them.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries
STEPS TO SUCCESS
Stop Worrying About CAS Compliance
We'll help you navigate your government contracting with confidence.
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Call our team and establish your business's unique needs.
1
Make A Plan
We'll work with you to make a plan that will ensure total federal compliance.
2
Get Contract Success
Take on more and more government contracts with no more worries about compliance.
3
Get The Help You Need
Government Contracting Has Never Been Easier
We'll work with you to ensure full compliance with your contracts, facilitating a long, lucrative partnership between your business and the US Government.