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COST ACCOUNTING STANDARDS NOTICES AND CERTIFICATION (Sep 2012) Note: This notice does not apply to small businesses or foreign governments. This notice is in three parts, identified by Roman numerals

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What is cost accounting standards notices?

Cost accounting standards notices are regulations that govern the disclosure and reporting of cost accounting practices in government contracts.

Who is required to file cost accounting standards notices?

Contractors and subcontractors who possess government contracts worth more than $2,000,000 are required to file cost accounting standards notices.

How to fill out cost accounting standards notices?

Cost accounting standards notices can be filled out by providing detailed information on cost accounting practices, including methods used for estimating costs, allocating costs, and pricing contracts.

What is the purpose of cost accounting standards notices?

The purpose of cost accounting standards notices is to promote consistency and transparency in cost accounting practices for government contracts, allowing for better oversight and evaluation of contract costs.

What information must be reported on cost accounting standards notices?

Cost accounting standards notices require the reporting of various information, including cost estimating methods, cost allocation methodologies, and changes in cost accounting practices.

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