CAS Board – 51st Meeting
February 20, 2008
Chairman Paul Denett convened the meeting at 9:00 A.M. and welcomed the members to the 51st meeting of the Cost Accounting Standards (CAS) Board which was held in the Eisenhower Executive Office Building, 1750 Pennsylvania Avenue, Washington, DC. In addition to the Chairman, Board Members Mses. April Stephenson and Kathleen Turco as well as Messrs. Bruce Timman and Richard Wall were in attendance. Also in attendance were Messrs. Rob Burton, Deputy Administrator, OFPP, David Capitano, Eric Shipley, and Raymond Wong, CAS Board Staff and Ms. Laura Auletta, CAS Board Manager.
Agenda Items as Determined by the November 2007 Board Meeting
A notice discontinuing a case to revisit the CAS exemption for contracts
executed and performed outside the United States, its territories, and
possessions was published in the Federal Register February 13, 2008 (73 FR 8259)
Staff Discussion Paper (SDP)
CAS 403. This SDP addresses whether the current thresholds that require use of the three factor formula for allocating residual home office expenses require revision. It was published in the Federal Register on February 13, 2008 (73 FR 8260).
Computing the Cost Impact of a Change in Accounting Practice. The Board unanimously approved the tasking and timeline briefed by Mr. Wong, working group chair.
Pension Harmonization. At the request of the Board during the last meeting, Mr. Shipley provided the additional analysis prepared by the working group.
The Chair, Mr. Denett, adjourned the meeting at 12:00 P.M.
Minutes submitted by Laura Auletta February 27, 2008.