Cost Accounting Standards (CAS) and Disclosure Statement Consulting Services

Most of our staff are experts in the cost accounting standards (CAS).  They have gained their CAS consulting expertise through special CAS training, have held CAS monitor positions with DCAA and are recognized authorities who frequently teach, lecture and publish articles on the cost accounting standards.  Over 100 articles on the cost accounting standards written by our staff have been published.

Many of our engagements include conducting CAS “mock audits” where we evaluate a client’s compliance with relevant cost accounting standards, identify specific deficiencies government auditors would likely see and recommend and help implement fixes as needed.  We also provide CAS training seminars where we identify CAS issues confronting our clients and customize CAS training to address relevant CAS issues.

Some contractors must comply with all cost accounting standards, many more are modified CAS covered but even most non-CAS covered contractors must adhere to many standards that are duplicated or referenced in the Federal Acquisition Regulation.   Businesses need to select cost accounting allocation practices that benefit them while demonstrating CAS compliance with relevant cost accounting standards.  Our CAS consulting services can help in all CAS-related areas.

CAS covered contractors usually have to prepare CAS Disclosure Statements.  Firms currently not CAS covered but are anticipating larger contracts may want to prepare a CAS Disclosure Statement when they are competing against other contractors who have disclosure statements while subsidiaries of larger companies often must prepare a CAS Disclosure Statement.  Disclosure Statements need to be crafted to both pass DCAA audits for compliance with CAS and to ensure the disclosure statement accurately reflects their government contract accounting practices.  CAS Disclosure Statements, if carefully crafted, can provide a basis to flexibly price and cost government contracts to achieve maximum profitability within the limits of CAS compliance.

CAS Consulting Services include:

• “Mock audit” of compliance with CAS
• Provide fixes to CAS deficiencies
• Respond to inquiries for proper interpretations of CAS
• Provide CAS on-site training
• Prepare full or sections of CAS Disclosure Statement or evaluate draft CAS Disclosure Statements
• Evaluate impact of cost accounting changes and prepare cost impact statements when needed