This presentation explains the importance of complying with Cost Accounting Standards and details when the Cost Accounting Standards apply, partially or fully, to government contracts. The presentation then highlights some of the most prevalent CAS clauses with the goal of simplifying CAS-compliance for government contractors.
- Applicability (Modified Coverage v. Full Coverage)
- Essential Requirements
- Administrative Requirements
- Disclosure Statements
- Changes to Disclosed Practices
- Processing Noncompliances
- Highlight of Certain FAR Clauses