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
(3mb)
-- Cost
Accounting Standards Board Disclosure Statement-2 for
Educational Institutions
(2mb)
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