CASB Disclosure Statements
Ensuring Compliance with Cost Accounting Standards
Cost Accounting Standards (CAS) are a set of rules designed to ensure consistency and fairness in the allocation of costs on government contracts. Contractors subject to CAS regulations must submit a CASB Disclosure Statement (DS-1) to the government. At Barclay Group LLC, we specialize in preparing and maintaining CASB Disclosure Statements, ensuring your business remains compliant with all relevant federal requirements.
What Are CASB Disclosure Statements?
CASB Disclosure Statements are detailed documents that contractors must submit to disclose their accounting practices related to cost allocation, contract cost recording, and indirect rate structures. These statements are required for businesses subject to the Cost Accounting Standards and must be updated whenever there are changes in the company’s accounting practices or operations. The DS-1 document outlines your cost accounting methods and explains how you apply them in federal contracts.
Our CASB Disclosure Statement Services
- Preparation and Filing
Our team helps you prepare and file your CASB Disclosure Statement (DS-1) in compliance with the latest federal regulations. We ensure that all necessary disclosures are made accurately and comprehensively. - Cost Accounting Practices Evaluation
We thoroughly review your accounting practices to ensure they align with CAS requirements. If adjustments are needed, we work with you to implement compliant methods and systems. - Document Updates and Revisions
When changes occur in your accounting practices, business operations, or federal regulations, we update your CASB Disclosure Statement to reflect the new information and maintain compliance. - Audit and Compliance Support
CASB Disclosure Statements are often audited by government agencies. We provide expert support during these audits, ensuring your disclosure statement is accurate, up to date, and ready for review. - Ongoing Guidance and Best Practices
Compliance with CAS standards is an ongoing process. We provide continuous support and guidance, helping you stay ahead of regulatory changes and maintain your CAS compliance.