If your company no longer qualifies as a small business or is a company that wants to move from commercial contracts to negotiated contracts with the Federal Government, then this Vlog is for you. This Vlog explains how to determine when Cost Accounting Standards (CAS) apply and what are the different levels of coverage. It also discusses how to determine your CAS-covered universe and why it is important. There are three significant dollar amounts when dealing with CAS: $7.5M, $2M and $50M. Watch to find out why these are important numbers in the world of negotiated Government contracts.
Cheryl Anderson has been a Director with Redstone Government Consulting, Inc., since 2013. She provides Government Contract Consulting services to our government contractors primarily related to equitable adjustment claims, terminations, CAS Disclosure Statements, and DCAA audit expectations. Prior to joining Redstone Government Consulting, Cheryl served in a number of capacities with DCAA for more than 35 years. Upon her retirement, she was a regional audit manager with DCAA. Professional Experience Cheryl began her DCAA career in 1978 as an auditor-trainee with the Ingalls Resident Office in Pascagoula, Mississippi. After instructing at the Defense Contract Audit Institute for four years, Cheryl returned to the Eastern Region in 1990, holding various audit positions before ultimately becoming a Regional Audit Manager in August, 2005. Cheryl had overall management responsibility for audits performed by approximately 200 employees. During her tenure with DCAA, Cheryl was involved in conducting or managing a variety of compliance audits; to include cost proposals, incurred cost submissions, systems, Cost Accounting Standards, claims, defective pricing, financial capability and agreed-upon procedures. Cheryl directly supported the government litigation team on a contract dispute and has prepared and presented various lectures and seminars to DCAA staff. In addition, Cheryl served as an instructor for the Government Audit Training Institute for more than 20 years. Cheryl currently specializes in preparing clients for more complex DCAA audits, providing advice on FAR cost principles and contracts regulatory provisions, and in assisting clients in anticipating and addressing audit. Education Cheryl earned a Bachelor of Science degree in Accounting from Auburn University at Montgomery and a Master of Business Administration degree from Wichita State University. Cheryl also has completed courses at OPM’s management and executive development centers, and at the Federal Executive Institute. Certifications State of Georgia Certified Public Accountant State of Alabama Certified Public Accountant
About Redstone GCI
Redstone GCI is a consulting firm focused on fulfilling the needs of government contractors in all areas of compliance. With a singular mission to help contractors through the multiple layers of “red tape,” we allow contractors to focus on what they do best – support their mission with the U.S. Government. We are home to a group of consultants made up of GovCon industry professionals, CPAs, attorneys, and retired government audit and acquisition professionals.
Our focus and knowledge of audit and compliance functions administered by DCAA and DCMA will always be at the heart of what we do. However, for the past decade, we’ve strategically grown to support other areas of the government contractor back-office with that same level of focus and expertise. We’ve added expertise in contracts management, subcontract administration, proposal pricing, various software systems, HR and employment law, property administration, manufacturing, data analytics/reporting, Grant specialists, M&A, and many other areas. When we see a trend in the needs of contractors, we act to ensure we can provide the best expertise in the market to fulfill those needs.
One thing our clients can be certain of is that with the Redstone GCI Team in your corner, there is no problem too big and no issue too technical for our team to tackle.
Topics:
Vlog,
Cost Accounting Standards (CAS)