OFFICE OF FEDERAL PROCUREMENT POLICY ISSUES PROPOSED RULE: CONFORMANCE OF COST ACCOUNTING STANDARDS TO GENERALLY ACCEPTED ACCOUNTING PRINCIPLES FOR COST ACCOUNTING STANDARDS 404, 408, 409, AND 411

WASHINGTON, Sept. 11 -- Office of Federal Procurement Policy has issued a proposed rule called: Conformance of Cost Accounting Standards to Generally Accepted Accounting Principles for Cost Accounting Standards 404, 408, 409, and 411.

The proposed rule was published in the Federal Register on Sept. 11 by Mathew Blum, Acting Administrator, Office of Federal Procurement Policy, and Acting Chair, Cost Accounting Standards Board.

Summary: The Office of Federal Procurement Policy (OFPP), Cost Accounting Standards Board (the Board), is releasing this notice of proposed rulemaking (NPRM) to elicit public comments on proposed changes to the Cost Accounting Standards (CAS) to conform CAS 404, 408, 409, and 411 to Generally Accepted Accounting Prin...