Notice2025-12292
Cost Accounting Standards Board Meeting Agenda
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 2, 2025
Issuing agencies
Management and Budget OfficeFederal Procurement Policy Office
Abstract
The Office of Federal Procurement Policy (OFPP), Cost Accounting Standards Board (CAS Board) is publishing this notice to advise the public of its upcoming meetings. The meetings are closed to the public.
Full Text
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<title>Federal Register, Volume 90 Issue 125 (Wednesday, July 2, 2025)</title>
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[Federal Register Volume 90, Number 125 (Wednesday, July 2, 2025)]
[Notices]
[Pages 29048-29049]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-12292]
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OFFICE OF MANAGEMENT AND BUDGET
Office of Federal Procurement Policy
Cost Accounting Standards Board Meeting Agenda
AGENCY: Cost Accounting Standards Board, Office Federal Procurement
Policy, Office of Management and Budget.
ACTION: Notice of agenda for closed Cost Accounting Standards Board
meetings.
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SUMMARY: The Office of Federal Procurement Policy (OFPP), Cost
Accounting Standards Board (CAS Board) is publishing this notice to
advise the public of its upcoming meetings. The meetings are closed to
the public.
ADDRESSES: New Executive Office Building, 725 17th Street NW,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: John L. McClung, Manager, Cost
Accounting Standards Board (telephone: 202-881-9758; email:
<a href="/cdn-cgi/l/email-protection#4923262127672567242a2a253c272e7b0926242b672c2639672e263f"><span class="__cf_email__" data-cfemail="c5afaaadabeba9eba8a6a6a9b0aba2f785aaa8a7eba0aab5eba2aab3">[email protected]</span></a>).
SUPPLEMENTARY INFORMATION: The CAS Board is issuing this notice to
inform the public of the discussion topics for a monthly meeting that
was held in June and for meetings scheduled for July, August, and
September 2025. The list of
[[Page 29049]]
agenda items for these meetings is set forth below. While CAS Board
meetings are closed to the public, the Board welcomes comments and
inquiries, which may be directed to the manager using the contact
information provided above.
Agenda for CAS Board Meetings During the Third and Fourth Quarter,
Fiscal Year 2025
1. Statutory CAS Thresholds. The Board will review and discuss the
proposal previously transmitted to Congress during the first Trump
Administration that would decouple the monetary threshold for CAS
applicability from the threshold for Truth in Negotiations Act
applicability, increase the basic threshold for CAS applicability, and
eliminate the requirement for at least one contract at a minimum value.
2. Regulatory CAS Thresholds. The Board will review options and
consider proposed rulemaking to increase the current regulatory
threshold for full CAS coverage, which is $50 million (48 CFR 9903.201-
2), and the threshold for disclosure requirements, which is $50 million
(48 CFR 9903.202-1.) As part of those discussions, the Board will
review the approach and recommendation made by the Section 809 Panel.
3. Conformance of CAS to Generally Accepted Accounting Principles
(GAAP). 41 U.S.C. 1501(c)(2) requires the CAS Board to review and
conform Cost Accounting Standards (CAS), where practicable, to GAAP.
The CAS Board will review and resume deliberations on ongoing cases
related to CAS 404, 408, 409, and 411 and open cases related to the
three additional standards that the Board identified in its 2018 Staff
Discussion Paper (84 FR 9143) on CAS-GAAP Harmonization as suitable for
conformance (i.e., CAS 407, 415, 416). The Board will also discuss
issuance of the final rule addressing the impact of GAAP changes to
operating revenue and lease accounting. The Board intends to
significantly accelerate work on conformance, in furtherance of the
Administration's prioritization on deregulation and reducing
unnecessary transaction costs for contracting parties.
4. Cost impact of accounting changes. The Board will discuss the
current handling of cost impact in Part 30 of the Federal Acquisition
Regulation (FAR) and identify potential options that might be
considered as the Federal Acquisition Regulatory Council develops a
regulatory deviation to streamline FAR Part 30 in furtherance of
Executive Order 14275.
5. Application of CAS to Indefinite Delivery Vehicle (IDVs)
contracts. The Board will review options and identify a path forward
for clarifying application of CAS to IDVs in a proposed rulemaking
including consideration of public comments received from the Staff
Discussion Paper 85 FR 51491 (June 18, 2024).
This notice is published pursuant to 41 U.S.C. 1501(d), which
requires the CAS Board to publish agendas of its meetings in the
Federal Register.
Mathew Blum,
Acting Administrator, Office of Federal Procurement Policy, and Acting
Chair, Cost Accounting Standards Board.
[FR Doc. 2025-12292 Filed 7-1-25; 8:45 am]
BILLING CODE 3110-01-P
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