What is a Cost Accounting Standards (CAS) Disclosure Statement?
A The 1996 revision to OMB Circular A-21 included a requirement for submission of a cost accounting disclosure statement by all universities that receive $25M or more in Federally sponsored agreements. This disclosure statement (called a DS- 2) is submitted to the Department of Health and Human Services (DHHS). OSU was one of the first universities to submit a DS-2 and receive approval. The DS-2 describes how OSU generally operates, how it treats certain costs and functions, and how it meets the four cost accounting standards outlined in OMB Circular A-21.
