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Podcast: Cherry Bekaert: Government Contractors Guidance
Episode: An Overview of Cost Accounting Standards
Description: Cost Accounting Standards (CAS) are 19 standards and rules promulgated by 41 U.S.C. 422. These standards impact emerging small and large businesses alike. They are designed to achieve uniformity and consistency in cost accounting practices and to improve the accuracy of cost data by ensuring its basis on consistent definitions and principles. Ultimately, the Federal government wants a reliable basis for cost comparison and decision making. This allows them to be able to compare proposals from contractor to contractor and from a single contractor year-over-year.In this new Cherry Bekaert GovCon Podcast CAS series, Eric Poppe, a...