Open for Comment: Conformance of Cost Accounting Standards to Generally Accepted Accounting Principles for CAS 407 Use of Standard Costs for Direct Material and Direct Labor

Management and Budget Office — 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 407 to Generally Accepted Accounting Principles (GAAP). The Board is performing the work under case number, CASB 2025-02. (27 days remaining)

Open for Comment: Conformance of Cost Accounting Standards to Generally Accepted Accounting Principles for CAS 407 Use of Standard Costs for Direct Material and Direct Labor

Management and Budget Office — 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 407 to Generally Accepted Accounting Principles (GAAP). The Board is performing the work under case number, CASB 2025-02. (27 days remaining)

Type: comment-period | Source: federalregister.gov


Structured Data
{
  "platform": "civiq",
  "version": 1,
  "type": "comment-period",
  "data": {
    "documentNumber": "2026-05512",
    "title": "Conformance of Cost Accounting Standards to Generally Accepted Accounting Principles for CAS 407 Use of Standard Costs for Direct Material and Direct Labor",
    "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 407 to Generally Accepted Accounting Principles (GAAP). The Board is performing the work under case number, CASB 2025-02.",
    "agency": "Management and Budget Office",
    "commentUrl": "http://www.regulations.gov/commenton/OFPP_FRDOC_0001-0059",
    "commentsCloseOn": "2026-04-20",
    "daysUntilClose": 27,
    "url": "https://www.federalregister.gov/documents/2026/03/20/2026-05512/conformance-of-cost-accounting-standards-to-generally-accepted-accounting-principles-for-cas-407-use"
  },
  "source": {
    "url": "https://www.federalregister.gov/documents/2026/03/20/2026-05512/conformance-of-cost-accounting-standards-to-generally-accepted-accounting-principles-for-cas-407-use",
    "api": "federalregister.gov"
  }
}

Write a comment
No comments yet.