Difference between revisions of "Modified CAS Coverage"
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(Created page with "There are 3 types of CAS coverage. They are: No coverage Modified CAS coverage Full CAS coverage == Standards only applying to Modified CAS Coverage == There are four (...") |
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== When to submit == | == When to submit == | ||
| − | Business units subject to modified coverage do not normally | + | Business units subject to modified coverage do not normally submit Disclosure Statements. The exception to the rule is if the Business Unit is a contributing segment. Each segment of a Business Unit that does not meet an exemption of prior years CAS covered awards were less than 50M and and less than 30% of the total sales for the segment. |
Note: In order to qualify for the disclosure exemption, a contributing segment must meet both tests, percent sales and dollar threshold, unless another exemption applies. | Note: In order to qualify for the disclosure exemption, a contributing segment must meet both tests, percent sales and dollar threshold, unless another exemption applies. | ||
Revision as of 14:06, 4 April 2014
There are 3 types of CAS coverage. They are:
No coverage
Modified CAS coverage
Full CAS coverage
Standards only applying to Modified CAS Coverage
There are four (4) standards that only apply to Modified CAS coverage. They are:
CAS 401
CAS 402
CAS 405
CAS 406
Determing Modified CAS Coverage
When to submit
Business units subject to modified coverage do not normally submit Disclosure Statements. The exception to the rule is if the Business Unit is a contributing segment. Each segment of a Business Unit that does not meet an exemption of prior years CAS covered awards were less than 50M and and less than 30% of the total sales for the segment.
Note: In order to qualify for the disclosure exemption, a contributing segment must meet both tests, percent sales and dollar threshold, unless another exemption applies.
