[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR30.202-7]



[Page 578-579]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 30_COST ACCOUNTING STANDARDS ADMINISTRATION--Table of Contents

 

                  Subpart 30.2_CAS Program Requirements

 

Sec. 30.202-7  Determinations.



    (a) Adequacy determination. (1) As prescribed by 48 CFR 9903.202-6 

(FAR Appendix), the auditor shall--

    (i) Conduct a review of the Disclosure Statement to ascertain 

whether it is current, accurate, and complete; and

    (ii) Report the results to the CFAO.

    (2) The CFAO shall determine if the Disclosure Statement adequately 

describes the contractor's cost accounting practices. Also, the CFAO 

shall--

    (i) If the Disclosure Statement is adequate, notify the contractor 

in writing, and provide a copy to the auditor with a copy to the 

contracting officer if the



[[Page 579]]



proposal triggers submission of a Disclosure Statement. The notice of 

adequacy shall state that--

    (A) The disclosed practices are adequately described and the CFAO 

currently is not aware of any additional practices that should be 

disclosed;

    (B) The notice is not a determination that all cost accounting 

practices were disclosed; and

    (C) The contractor shall not consider a disclosed practice, by 

virtue of such disclosure, an approved practice for estimating proposals 

or accumulating and reporting contract and subcontract cost data; or

    (ii) If the Disclosure Statement is inadequate, notify the 

contractor of the inadequacies and request a revised Disclosure 

Statement.

    (3) Generally, the CFAO should furnish the contractor notification 

of adequacy or inadequacy within 30 days after the CFAO receives the 

Disclosure Statement.

    (b) Compliance determination. (1) After the notification of 

adequacy, the auditor shall--

    (i) Conduct a detailed compliance review to ascertain whether or not 

the disclosed practices comply with CAS and Part 31, as applicable; and

    (ii) Advise the CFAO of the results.

    (2) The CFAO shall make a determination of compliance or take action 

regarding a report of alleged noncompliance in accordance with 

30.605(b). Such action should include requesting a revised Disclosure 

Statement that corrects the CAS noncompliance. Noncompliances with Part 

31 shall be processed separately.



[70 FR 11753, Mar. 9, 2005]