Contract Management Resource Directory

Connecting to Create What's Next

CAS and Consequences of Noncompliance

Thursday, November 10, 2016 12:00pm - 1:30pm EST  
Host: NCMA

The presenters will first provide a brief overview of the Cost Accounting Standards (CAS), including what the standards are, who CAS apply to, and their importance. Then, the presenters will explain compliance requirements for contractors who have CAS-covered contracts (including disclosure statement requirements) and the process of preparing cost impact calculations. Primary emphasis will be given to the cost impact process, both general dollar magnitude and detailed cost impact processes.

Learning Objectives:
What happens when you’re noncompliant with Cost Accounting Standards (CAS)?
Under what conditions do CAS apply?
When are disclosure statements applicable and what are the disclosure requirements?

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