Public Disclosure
A-133 Audit Reports
Refer to the Audit section of ORSPA's Financial Accountability site.
Disclosure Statement (DS-2)
On May 13, 2004, Department of Health and Human Services (DHHS) approved ASU's Cost Accounting Standards Board Disclosure Statement.
The Federal Government requires a Disclosure Statement (DS-2) of cost accounting practices from any institution of higher education that receives $25 million or more in sponsored agreements. Universities must demonstrate adherence to Cost Accounting Standards (CAS) as stated in Office of Management and Budget (OMB) Circular A- 21, Cost Principles for Institutions of Higher Education.
The DS-2 is intended to establish a clear understanding of the cost accounting practices that the institution follows or proposes to follow. The DS-2 explains the methodology for distinguishing direct costs from facilities and administrative costs (also known as indirect costs) and identifies the methodology for accumulating and allocating the facilities and administrative costs.
For more information about ASU’s DS-2 Statement, contact ORSPA's Cost and Research Management Analysis unit at 480.965.8009.