🇦🇺Australia

CAS-like Disclosure and Audit Failures

2 verified sources

Definition

Similar to US CAS Disclosure Statements reviewed by DCAA, Australian Defence requires compliant cost accounting systems; failures result in penalties or contract cancellation.

Key Findings

  • Financial Impact: AUD 100,000+ penalties or contract cancellation per incident
  • Frequency: Per audit failure
  • Root Cause: Non-compliant cost accounting systems and disclosure processes

Why This Matters

The Pitch: Defence contractors risk AUD 100,000+ fines or contract cancellation from cost accounting non-compliance. Automation ensures audit-ready systems.

Affected Stakeholders

Compliance Officers, Internal Auditors

Deep Analysis (Premium)

Financial Impact

Financial data and detailed analysis available with full access. Unlock to see exact figures, evidence sources, and actionable insights.

Unlock to reveal

Current Workarounds

Financial data and detailed analysis available with full access. Unlock to see exact figures, evidence sources, and actionable insights.

Unlock to reveal

Get Solutions for This Problem

Full report with actionable solutions

$99$39
  • Solutions for this specific pain
  • Solutions for all 15 industry pains
  • Where to find first clients
  • Pricing & launch costs
Get Solutions Report

Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Defence Cost Principles Non-Compliance Penalties

AUD 50,000+ per major contract in unrecoverable costs (based on typical audit disallowances for overhead misallocation)

C/SCSC System Compliance Overhead

20-40 hours/month per project at AUD 200/hour (AUD 4,000-8,000/month labour)

Procurement Delays and Cost Escalations

AUD 16-21B allocated over decade with delays risking 10-20% overruns; individual projects like 155mm munitions paused costing millions in sunk tender efforts

Idle Capacity from Compliance Bottlenecks

AUD 5-10M per year in idle equipment for mid-tier firms; targets 15,000 rounds/year delayed to 2028

Export Control Permit Breaches

AUD 100,000+ per breach in fines; 20-40 hours/month in permit delays per project

Compliance Ambiguities & Red Tape

AUD 50,000-150,000 per large project in extended liability and admin costs

Request Deep Analysis

🇦🇺 Be first to access this market's intelligence