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Office of Federal Procurement Policy
Cost Accounting Standards Board
Administratively a function located within OFPP is the Cost Accounting Standards Board (CASB), an independent legislatively-established board consisting of five members, including the OFPP Administrator, who serves as chairman, and four members with experience in Government contract cost accounting, two from the Federal government, one from industry, and one from the accounting profession. The Board has the exclusive authority to make, promulgate, and amend cost accounting standards and interpretations designed to achieve uniformity and consistency in the cost accounting practices governing the measurement, assignment, and allocation of costs to contracts with the United States.
The Board's regulations are codified at 48 CFR, Chapter 99. The standards are mandatory for use by all executive agencies and by contractors and subcontractors in estimating, accumulating, and reporting costs in connection with pricing and administration of, and settlement of disputes concerning, all negotiated prime contract and subcontract procurement with the United States in excess of $500,000.
The rules and regulations of the CASB appear in the Federal Acquisition Regulation located at General Services Administration's Acquisition Network (AcqNet)
- CAS
Board Members
- CAS
Board Meeting Minutes
- CAS Disclosure Forms
- Cost Accounting Standards Board Disclosure Statement-1 (32 pages, 3 mb)
- Cost
Accounting Standards Board Disclosure Statement-2 for Educational Institutions (24 pages, 2 mb)
- Public Comments
- Advance Notice of Proposed Rulemaking – Harmonization of Cost Accounting Standards 412 and 413 with the Pension Protection Act of 2006
- Federal Register Notice (3 pages, 61 kb)
- CAS Pension Harmonization ANPRM (72 pages, 227 kb)
- Proposed CAS 412 (26 pages, 99 kb)
- Proposed CAS 413 (21 pages, 83 kb)
- Proposed CAS 412 (Mark-up) (26 pages, 126 kb)
- Proposed CAS 413 (Mark-up) (21 pages, 94 kb)
- Publications
- Determination of Executive Compensation Benchmark Amount (March 25, 2008) (1 page, 50 kb)
- Determination of Executive Compensation Benchmark Amount (March 27, 2007) (1 page, 67k)
- Determination of Executive Compensation Benchmark Amount (May 3, 2006) (1 page, 62 kb)
- Determination of Executive Compensation Benchmark Amount Pursuant to Section 39 of the Office of Federal Procurement Policy (OFPP) Act (41 U.S.C. 435), as amended (May 5, 2005) (2 pages, 66 kb)
- Determination
of Executive Compensation Benchmark Amount Pursuant to Section
808 of Pub. L. 105-85 (May 14, 2004) (1 page, 59 kb)
