The Administration of Cost Accounting
Standards clause requires contractors performing Cost Accounting
Standards (CAS) covered contracts to submit notifications and
descriptions of certain cost accounting practice changes, including
revisions to their Disclosure Statements, if applicable. Often
these descriptions are quite complex.
The decrease of responses from
2,709 to 1,797 and the associated decrease in estimated burden
hours from 474,075 to 314,475 is an adjustment due to an increase
in the threshold for submitting certified cost or pricing data from
$750,000 to $2 million resulting from the statutory changes to the
Truth in Negotiations Act, 10 U.S.C. 2306a and 41 U.S.C. 3502.
Raising this threshold results in fewer companies performing
CAS-covered contracts.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.