OMB raises cost accounting thresholds, aligns CAS 407 with GAAP
The Office of Management and Budget's Federal Procurement Policy Office published two rules on Sept. 1, one raising monetary thresholds for cost accounting standards and the other conforming CAS 407 to generally accepted accounting principles.
Stands on 2 first-party readings of the Federal Register, not reporting.
The Office of Management and Budget's Federal Procurement Policy Office published two rules on Sept. 1, one raising monetary thresholds for cost accounting standards and the other conforming CAS 407 to generally accepted accounting principles.[1][2]
