article thumbnail

Overview of Cost Accounting Standards (CAS) for Government Contractors

Cherry Bekaert

To navigate the intricacies of CAS effectively, contractors may need to invest in specialized accounting systems and training for their finance teams while experiencing additional scrutiny by DCAA and other regulatory agencies. The standards ensure that all government contractors follow the same rules, creating a level playing field.

article thumbnail

Working With an Expert Witness

FraudFiles

From there, legal counsel should look for an expert who can immediately discuss accounting concepts and case theory in a way that the attorney can understand. In addition to the ability to convey accounting concepts, the attorney should also be looking for “soft” skills in the potential expert.