On the third installment of our Fed Talks miniseries edition: Beers with Brent, we discuss the Cost Accounting Standards (CAS) with Baker Tilly partner Brent Calhoon and special guest Nicole Owren-Wiest, a partner at Crowell & Moring LLP. Questions addressed include: What was the background and theory behind CAS? Does CAS successfully establish the original mission of the CAS Board? What can contractors do to ensure success when they make cost accounting practice changes?