Notice2026-05513
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
March 20, 2026
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 recent and upcoming meetings. The meetings are closed to the public.
Full Text
<html>
<head>
<title>Federal Register, Volume 91 Issue 54 (Friday, March 20, 2026)</title>
</head>
<body><pre>
[Federal Register Volume 91, Number 54 (Friday, March 20, 2026)]
[Notices]
[Pages 13638-13639]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-05513]
=======================================================================
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
SUMMARY: The Office of Federal Procurement Policy (OFPP), Cost
Accounting Standards Board (CAS
[[Page 13639]]
Board) is publishing this notice to advise the public of its recent and
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#d5bfbabdbbfbb9fbb8b6b6b9a0bbb2e795bab8b7fbb0baa5fbb2baa3"><span class="__cf_email__" data-cfemail="97fdf8fff9b9fbb9faf4f4fbe2f9f0a5d7f8faf5b9f2f8e7b9f0f8e1">[email protected]</span></a>).
SUPPLEMENTARY INFORMATION: The CAS Board is issuing this notice to
inform the public of the discussion topics for meetings held on
November 20, 2025, December 18, 2025, and January 29, 2026, and for
upcoming monthly meetings scheduled for February, and March 2026. The
list of agenda items for these meetings is set forth below. While CAS
Board meetings are closed to the public, the CAS 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 First and Second Quarter,
Fiscal Year 2026
1. Conformance of Cost Accounting Standards (CAS) to Generally
Accepted Accounting Principles (GAAP). 41 U.S.C. 1501(c)(2) requires
the CAS Board to review and conform CAS, where practicable, to GAAP.
The CAS Board will review and discuss public comments received to the
proposed rules to eliminate CAS 404, 408, 409, and 411 (90 FR 43994)
and issuance of a final rule. The CAS Board will also discuss recently
opened cases related to CAS 407, 415 and 416: the three remaining
standards that the Board identified in its 2018 Staff Discussion Paper
(84 FR 9143) on CAS-GAAP Harmonization as suitable for conformance. The
CAS Board has significantly accelerated work on conformance, in
furtherance of the Administration's prioritization on deregulation and
reducing unnecessary transaction costs for contracting parties.
2. Regulatory CAS Thresholds and application of CAS to Indefinite
Delivery Contracts. The CAS Board will discuss 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.), and to address
the application of CAS to indefinite delivery contracts considering
public comments received from the Staff Discussion Paper (85 FR 51491)
on that topic.
3. Cost impact of accounting changes. The CAS Board will continue
discussions on the current handling of cost impact in Part 30 of the
Federal Acquisition Regulation (FAR), including the need for additional
clarity of the meaning of increased costs in the aggregate, as that
language is used in 41 U.S.C 1503(b), and the handling of cost impacts
for unilateral cost accounting practice changes. The Board expects
coverage on cost impact of accounting changes to be removed from the
FAR by rulemaking and addressed in CAS through rulemaking by the CAS
Board.
4. Pension Harmonization for Extraordinary Events. The CAS Board
will discuss an ANPRM to modify CAS 412 and CAS 413. The ANPRM would be
a follow-on to rulemaking issued in 2011 required by the Pension
Protection Act (PPA) of 2006. The purpose of the ANPRM is to reconcile
the application of the PPA and the CAS adjustment of pension costs for
extraordinary events (i.e., curtailment of pension plan benefits,
termination of plans, and the accounting of pension plan assets or
liabilities following the sale or closing of a corporate segment).
5. Review of Court and Board Decisions Related to CAS. 41 U.S.C
1501(c)(3) requires the CAS Board to annually review disputes brought
before the Boards of Contract Appeals (BCAs) or Federal courts
involving its standards and consider whether greater clarity in CAS
could avoid such disputes. The CAS Board will discuss decisions by the
BCAs and Courts involving its standards since the last review conducted
in 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.
Kevin R. Rhodes,
Administrator, Office of Federal Procurement Policy, and Chair, Cost
Accounting Standards Board.
[FR Doc. 2026-05513 Filed 3-19-26; 8:45 am]
BILLING CODE 3110-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on March 20, 2026.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.