Cost Accounting standards

When applicable, compliance with Cost Accounting Standards (CAS) is one of the single hardest challenges contractors face in their accounting and compliance programs.

When applicable, compliance with Cost Accounting Standards washington dc is one of the single hardest challenges contractors face in their accounting and compliance programs. Once a single award is CAS covered, a contractor’s universe changes.

Contractors need to measure their readiness for the award of a CAS-covered contract washington dc. Additionally, those contractors who are already CAS-covered have requirements for monitoring compliance ensuring that they bid, book, and bill costs consistent with their disclosed cost accounting practices.

Ryan Koenitzer, CPA, leads RKI, a U.S. Government Contracts practice and CPA firm dedicated to assisting U.S. Government contractors with their accounting and compliance needs.

Providing a documentation set that meets the definition of commerciality and complies with the requirements therein for receiving a commercial item determination from the Contracting Officer has become a major obstacle for contractors.

When applicable, compliance with Cas standards new york is one of the single hardest challenges contractors face in their accounting and compliance programs. Once a single award is CAS covered, a contractor’s universe changes.

Ryan Koenitzer, CPA, leads RKI inc, a U.S. Government Contracts practice and CPA firm dedicated to assisting U.S. Government contractors with their accounting and compliance needs.

The U.S. Government has made it clear, not unlike public companies in a Sarbanes-Oxley (SOX) environment: Internal controls matter and will affect your ability to win and perform under DFARS business systems Government contracts.

Commercial item determination may seem like the easy way out in U.S. Government contracting, but the bar has been raised on proving commerciality by the U.S. Government.