CAS Part 2 - Session 5 - Procurement University 2024

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1 hr, 30 mins

This is session 5 of 9 in the Procurement University webinar series.

In this session, we will focus on the CAS administration requirements for reporting and documenting the cost impacts of changes to cost accounting practices. To do this, we will take a deeper look into the Disclosure Statement, including its components, applicability, and the process necessary when changes in accounting practice require a disclosure statement revision.

Learning Objectives: By the end of the webinar you should be able to:

Understand how and when to file a Disclosure Statement;
Possess a general understanding of the components of a Disclosure Statement (Parts I to VIII);
Identify a cost accounting practice change; and
Understand the criteria required for an adequate Disclosure Statement.

About Our Experts

Paul Bailey

Partner, Capital Edge Consulting

Paul Bailey is a Partner for Capital Edge Consulting. Mr. Bailey has broad experience with federal procurement rules and regulation through combined industry and public accounting experience at PricewaterhouseCoopers and KPMG. Over the course of his 30-year career, Paul has provided expert advice and testimony for government contractors and their counsel, government agencies including Inspector General and the Department of Justice on the administration of contracts and resolution of complex government accounting and compliance disputes. While in public accounting, Paul was responsible for the Department of Energy’s outsourced contractor audits to KPMG, including Incurred Cost and Price Proposals, CAS compliance and Business System adequacy. Paul has conducted audits for and on behalf of the Federal Bureau of Prisons, Department of Justice and Department of Energy, Office of Inspector General.

Paul joined Capital Edge Consulting from Harris Corporation in Melbourne, Florida where he was Vice President of Government Accounting and Compliance. In the accounting and compliance role, Paul was responsible for the oversight and approvals of the Business Systems to satisfy DCAA/DCMA surveillance and adequacy determinations. Paul orchestrated and directed an External Restructuring of CAS segments to align cost allocations and synergies following a major acquisition. Paul has been an industry leader in settlement of indirect rates based on past company experience foregoing the DCAA Incurred Cost Audit process. In addition to extensive accounting and compliance experience, he has held Vice President roles leading Contracts, Subcontract Administration, and Procurement functions.

Mr. Bailey earned his B.B.A. – Finance degree from Walsh College of Accountancy and Business Administration. He is a Certified Public Accountant licensed in Ohio and Virginia.

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