Try our Advanced Search for more refined results

Expert Analysis

Federal Cost Accounting Standards Are Inching Toward GAAP

By Angela Styles ( March 25, 2019, 4:04 PM EDT) -- On March 13, 2019, the Cost Accounting Standards Board, or CASB, issued a staff discussion paper on the potential conformance of seven of the 19 federal cost accounting standards, or CAS, to generally accepted accounting principles, or GAAP.[1] As many may recall, this CAS to GAAP conformance review was mandated by the Fiscal Year 2017 National Defense Authorization Act, and the first review was due to Congress by Dec. 23, 2016.[2] Better late than never, the paper initiates the first of four potential stages of the CASB's rulemaking process for CAS 408 and CAS 409, relating to compensated personal absence and the depreciation of tangible capital assets respectively.[3]...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!