Disclosure requirements
FAR 30.202 requires contractors subject to CAS to submit and maintain accurate Disclosure Statements detailing their cost accounting practices, ensuring transparency and compliance.
Overview
FAR 30.202 outlines the disclosure requirements for contractors subject to the Cost Accounting Standards (CAS) program. It details the obligations for submitting, amending, and maintaining Disclosure Statements (Form CASB DS-1 or DS-2), which describe a contractor’s cost accounting practices. The section covers general requirements, exceptions when submission is impractical, procedures for amendments and revisions, protections for privileged and confidential information, filing instructions, responsibilities of both contractors and contracting officers, determination processes, and requirements for subcontractor disclosures. The goal is to ensure transparency and consistency in cost accounting practices for contracts subject to CAS, thereby supporting government oversight and compliance.
Key Rules
- General Requirements
- Contractors must submit accurate and complete Disclosure Statements describing their cost accounting practices when required by CAS.
- Impracticality of Submission
- Procedures exist for cases where submission of a Disclosure Statement is impractical.
- Amendments and Revisions
- Contractors must update Disclosure Statements when cost accounting practices change.
- Privileged and Confidential Information
- Protections are in place for sensitive information in Disclosure Statements.
- Filing Disclosure Statements
- Specific instructions are provided for filing Disclosure Statements with the appropriate authorities.
- Responsibilities
- Both contractors and contracting officers have defined roles in ensuring compliance with disclosure requirements.
- Determinations
- Contracting officers make determinations regarding adequacy and compliance of Disclosure Statements.
- Subcontractor Disclosure Statements
- Subcontractors subject to CAS must also submit Disclosure Statements as required.
Responsibilities
- Contracting Officers: Review, determine adequacy, and ensure compliance with Disclosure Statement requirements.
- Contractors: Submit, amend, and maintain Disclosure Statements; protect confidential information; ensure subcontractor compliance.
- Agencies: Oversee compliance and provide guidance as needed.
Practical Implications
- This section ensures consistent cost accounting practices and transparency for CAS-covered contracts.
- Non-compliance can result in contract delays, disallowance of costs, or other penalties.
- Contractors must be diligent in maintaining up-to-date and accurate Disclosure Statements and understand when updates or new submissions are required.