A contractor's Disclosure Statement is its benchmark for conducting business with Uncle Sam. We'll kick off this web series with an overview of the CASB Disclosure Statement. Specifically, we'll discuss the applicability and trigger requirements for CAS and the Disclosure Statement. Next, we'll discuss the Disclosure Statement and define the cost accounting practices described within it. The first session will preview the web series and establish the foundation for the following 3 sessions, where we delve into greater detail and provide perspective on some of the most often raised compliance challenges.

Uniform Guidance isn't uniform and it is vital that Federal award administrators understand how to navigate the regulatory framework that covers Federal grants and cooperative agreements (i.e., Federal financial assistance). During this session, we will provide participants with an overview of OMB's regulatory framework (i.e., "Uniform Guidance"), discuss the agency supplemental regulations, review the history and applicability of the Federal award regulatory requirements, and provide an initial introduction to OMB's 2024 revisions to Uniform Guidance. Learning Objectives:  Understanding the regulatory framework governing Federal financial assistance  Exploring the Cost Principles governing the allowability, allocability, and reasonableness of costs incurred under our Federal programs  Introduction to OMB's 2024 revisions to Uniform Guidance

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.

In this session, we will dive into the post-award administrative topics that can pose the largest amount of risk to even the most seasoned award recipients. Unfortunately, the Uniform Guidance regulation is great at telling organizations `what' they must do when performing under Federal awards, however, they do not always tell organizations `how' to establish compliant practices and processes that will fulfill the expectations of Federal agencies. During this session, we will address key administrative requirements and the associated best practices for award administration. Learning Objectives:  Understanding the revisions to post-award administrative requirements necessary for the successful and compliant execution of your Federal awards. This session will cover the areas of: o Timekeeping o Procurement o Subrecipient Monitoring o Post-closeout adjustments & continuing responsibilities

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.

Is your current indirect cost allocation strategy right for your organization? One of the major benefits afforded by the implementation of Uniform Guidance is the ability for award recipients to negotiate indirect cost rates with the federal government. Unfortunately, many organizations still have not taken full advantage of this benefit. We live in a time where Federal budgets are shrinking and indirect rates are under increased scrutiny. It has never been more important for award recipients to ensure they are efficiently recovering their fair share of administrative costs on Federal awards. If "Set-It-And-Forget-It" is your organization's current strategy for indirect cost recovery this session is for you! In this session, we will examine the updates to the De Minimis rate, the Appendices to 2 CFR 200, and learn how to utilize these changes to optimize your organization's current cost recovery practices. Learning Objectives:  Benefits of having a Negotiated Indirect Cost Rate Agreement  How to leverage your rates once approved  Best Practices for evaluating your indirect cost recovery practices  Updates to Uniform Guidance

Uh oh, we've got a revision, update, or change -now what? In this final session, we explore revisions and updates to the CASB Disclosure Statement and changes to cost accounting practices. We'll describe the difference between administrative changes, changes to cost accounting practices, and the exceptions provided for in the regulations and guidance.