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APPENDIX 1Fees and Charges2020/2021 Drafts booklet sets out the revised charges for specific services to be applied from 1st April 2020 (unless otherwise stated) and approved by full Council. The
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01
Familiarize yourself with the Cost Accounting Standards (CAS) Board regulations and requirements.
02
Determine which contracts or subcontracts are subject to CAS.
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Gather the necessary cost information and supporting documentation.
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Who needs cost accounting standards board?

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Government contractors and subcontractors who are subject to Cost Accounting Standards (CAS) regulations.
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Companies that receive federal contracts or subcontracts exceeding certain dollar thresholds.
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The Cost Accounting Standards Board is a government agency that establishes and enforces cost accounting standards for government contractors.
Government contractors that meet certain criteria are required to file Cost Accounting Standards Board.
The Cost Accounting Standards Board must be filled out following the guidelines set by the agency and providing accurate and complete information.
The purpose of the Cost Accounting Standards Board is to ensure consistency and fairness in the way government contractors account for costs.
Government contractors must report detailed cost information related to their contracts, including direct and indirect costs.
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