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Revision No. 4 Effective Date: July 1, 2017COST ACCOUNTING STANDARDS BOARD DISCLOSURE STATEMENT REQUIRED BY PUBLIC LAW 100679 EDUCATIONAL INSTITUTIONSINDEXBROWN UNIVERSITY Page GENERAL INSTRUCTIONS2COVER

How to fill out cas disclosure statement

How to fill out cas disclosure statement

1. To fill out a CAS Disclosure Statement, follow these steps:
2. Begin by providing the basic information such as the name of the entity filling out the disclosure statement, the date, and the project reference number.
3. Next, describe the project or contract for which the disclosure statement is being filled out. Include details such as the project start and end dates, the type of work being performed, and any relevant background information.
4. Identify any subcontracts that will be used in the project and provide details about the subcontractors involved.
5. Provide information about any cost accounting practices that will be used in the project. This may include details about indirect costs, accounting systems, and any special considerations.
6. Disclose any significant accounting changes that will be implemented for the project, such as changes in cost accounting practices or changes in the method of allocating indirect costs.
7. Finally, sign and date the disclosure statement to certify that the information provided is accurate and complete.
8. Note: It is recommended to consult with a legal or financial professional for assistance in filling out the CAS Disclosure Statement.

Who needs cas disclosure statement?

1. Any entity that is involved in a contract or project subject to the Cost Accounting Standards (CAS) regulations needs to fill out a CAS Disclosure Statement.
2. This includes entities that are bidding on government contracts, as well as those that have already been awarded contracts.
3. The CAS Disclosure Statement is required to provide information about the entity's cost accounting practices and any significant accounting changes that will be implemented for the project.

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What is cas disclosure statement?

A CAS disclosure statement is a document that outlines the compliance status of a company with applicable accounting standards as set forth in the Cost Accounting Standards Board regulations.

Who is required to file cas disclosure statement?

Entities that are subject to the Cost Accounting Standards, typically government contractors and subcontractors, are required to file a CAS disclosure statement.

How to fill out cas disclosure statement?

To fill out a CAS disclosure statement, an entity must provide detailed information about its cost accounting practices, policies, methods, and any changes to these practices that may affect the cost of contracts.

What is the purpose of cas disclosure statement?

The purpose of a CAS disclosure statement is to ensure transparency and compliance with cost accounting standards, allowing the government to evaluate cost proposals and contract terms effectively.

What information must be reported on cas disclosure statement?

The CAS disclosure statement must report information related to the cost accounting practices used by an entity, including its policies, accounting methods, and any deviations from standard practices.