SDFM CEO Rich Brady Quoted in Federal News Network on DoD Accounting Reforms
McLean, VA – August 13, 2026 – SDFM CEO Rich Brady was recently quoted in Federal News Network on the Department of Defense’s efforts to streamline data and audit requirements for business systems, lower compliance costs, and make it easier for commercial firms to do business with the department.
In the article, “DoD eyes accounting reforms to lower barriers for commercial firms,” Brady discusses the need to modernize Cost Accounting Standards (CAS), describing the current framework as a “vestige of an industrial, rules-based era of accounting that is increasingly outdated in today’s technology-driven economy.”
Brady also noted the significant overlap between CAS and Generally Accepted Accounting Principles (GAAP) and pointed to the transparency, consistency, and data available through today’s highly automated and audited financial systems.
“Legacy CAS requirements can create significant barriers to entry for small and mid-sized businesses that may otherwise be capable of providing innovative products and services to the government,” Brady told Federal News Network. “Ultimately, the compliance costs imposed by CAS are passed on to the government through higher contract costs and administrative overhead.”