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COST ACCOUNTING STANDARDS BOARD
DISCLOSURE STATEMENT REQUIRED BY PUBLIC LAW 100 679
This Disclosure Statement has been designed to meet the requirements
of Public Law 100-679, and persons completing it are to describe the
contractor and its contract cost accounting practices.
For complete regulations, instructions and timing requirements concerning
submission of the Disclosure Statement, refer to Section 9903.202 of Chapter
99 Of Title 48 CFR (48 CFR 9903.202).
Part I of the Statement provides general information concerning each reporting
unit (e.g., segment, Corporate or other intermediate level home office, or a
business unit). Parts II through VII pertain to the types of costs generally
incurred by the segment or business unit directly performing Federal contracts
or similar cost objectives. Part VIII pertains to the types of costs that are
generally incurred by a Home office and are allocated to one or more segments
performing Federal contracts. For a definition of the term "home office", see
48 CFR 9904.403.
Each segment or business unit required to disclose its cost accounting
practices should complete the Cover Sheet, the Certification, and Parts I
Each home office required to disclose its cost accounting practices
for measuring, assigning and allocating its costs to segments performing
Federal contracts or similar cost objectives shall complete the Cover
Sheet, the Certification, Part I and Part VIII of the Disclosure
Statement. Where a home office either establishes practices or
procedures for the types of costs covered by Parts V, VI and VII, or
incurs and then allocates these types of cost to its segments, the
home office may complete Parts V, VI and VII to be included in the
Disclosure Statement submitted by its segments. While a home office
may have more than one segment submitting Disclosure Statements,
only one Statement needs to be submitted to cover the home office
The Statement must be signed by an authorized signatory of the
The Disclosure Statement should be answered by marking the appropriate
line or inserting the applicable letter code which describes the
segment's (reporting unit's) cost accounting practices.
A number of questions in this Statement may need narrative answers
requiring more space than is provided. In such instances, the reporting
unit should use the attached continuation sheet provided.
The continuation sheet may be reproduced locally as needed. The
number of the question involved should be indicated and the same
coding required to answer the questions in the Statement should
be used in presenting the answer on the continuation sheet.
Continuation sheets should be inserted at the end of the pertinent
Part of the Statement. On each continuation sheet, the reporting
unit should enter the next sequential page number for that Part
and, on the last continuation sheet used, the words "End of Part"
should be inserted after the last entry.
Where the cost accounting practice being disclosed is clearly
set forth in the contractor's existing written accounting policies
and procedures, such documents may be cited on a continuation
sheet and incorporated by reference at the option of the
contractor. In such cases, the contractor should provide the
date of issuance and effective date for each accounting policy
and/or procedures document cited. Alternatively, copies of the
relevant parts of such documents may be attached as appendices
to the pertinent Disclosure Statement Part. Such continuation
sheets and appendices should be labeled and cross referenced
with the applicable Disclosure Statement number and follow the
page number specified in paragraph
Any supplementary comments needed to adequately describe
the cost accounting practice being disclosed should also be
Disclosure Statements must be amended when cost accounting
practices are changed to comply with a new CAS or when practices
are changed with or without knowledge of the Government (Also
see 48 CFR 9903.202 3).
COST ACCOUNTING STANDARDS BOARD DISCLOSURE STATEMENT REQUIRED BY
PUBLIC LAW 100 679
10. Amendments shall be submitted to the same offices to which
submission would have been made were an original Disclosure Statement
Each amendment, or set of amendments should be accompanied by an
amended cover sheet (indicating revision number and effective
date of the change) and a signed certification. For all
resubmissions, on each page, insert "Revision Number ____" and
"Effective Date _____" in the Item Description block; and, insert
a revision mark (e.g., "R") in the right hand margin of any line
that is revised. Completely resubmitted Disclosure Statements
must be accompanied by similar notations identifying the items
which have been changed.
Use of this Disclosure Statement, amended February 1996, shall
be phased in as follows:
A. New Contractors. This form shall be used by new contractors
when they are initially required to disclose their cost accounting
practices pursuant to 9903.2021.
B. Existing Contractors. If a contractor has disclosed its
cost accounting practices on a prior edition of the Disclosure
Statement (CASBDS1), such disclosure shall remain in effect until
the contractor amends or revises a significant portion of the Disclosure
Statement in accordance with CAS 9903.2023. Minor amendments to
an existing DS1 may continue to be made using the prior form.
However, when a substantive change is made, a complete Disclosure
Statement must be filed using this form. In any event, all
contractors and subcontractors must submit a new Disclosure
Statement (this version of the CASBDS1) not later than the
beginning of the contractor's next full fiscal year after
December 31, 1998.