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Government Costing

CASB Disclosure Statements

Universities which receive $25 million or more in federal funding during a fiscal year are required to comply with the Cost Accounting Standards Board Disclosure Statement (DS-2) requirements for educational institutions. The DS-2 describes the educational institution and its cost accounting practices.

The DS-2 is required to be revised when the University incurs a change in their accounting practices; however, typically the DS-2 is modified in coordination with the F&A rate proposal process. In addition, the DS-2 is required to be submitted to our Facilities & Administrative cognizant agency, the Office of Naval Research (ONR) and the statement is required to be audited. Federal auditors at the Defense Contract Audit Agency assigned by ONR typically perform the audit of the DS-2.

Last Updated: November 15, 2013

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