Once documented, now it's time for customer inspection. Learn the fundamental audit and administration expectations when supporting adequacy and compliance audits. Disclosure Statements are subject to two types of audits: Adequacy and compliance. The adequacy audit is a barrier to entry audit, meaning the lack of a "clean" opinion can impede a CAS contract award. Additionally, the compliance audits include audit programs identified to each of the 19 standards. In this session, participants will become familiar with the common audits supporting CASB Disclosure Statement compliance and identify conventional risks and readiness strategies to help mitigate audit risks.

Completing the benchmark which we call the Disclosure Statement involves a multidisciplinary team comprised of functional areas that may include Accounting/Finance, Human Resources, Treasury, Program, and Pricing members. In this session, we walk through the Disclosure Statement -- Specifically, the cover sheet, eight parts of the Disclosure Statement, and the continuation sheet. We'll describe the resources supporting each section and the requirements.