Office of Federal Procurement Policy
Cost Accounting Standards Board

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Administratively, the Cost Accounting Standards (CAS) Board (Board) is a function located within OFPP.  The CAS Board is an independent statutorily-established (41 U.S.C. 422) Board consisting of five members: the OFPP Administrator, who serves as the chairman, and four members with experience in Government contract cost accounting, two from the Federal government (DOD and GSA), 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 $650,000, provided that, at the time of award, the contractor or subcontractor is performing any CAS-covered contracts or subcontracts valued at $7.5 million or greater.

• 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
   
• Federal Register Notices