Thursday, March 31, 2011

Two Members Reappointed to the CAS Board

Daniel Gordon, the Administrator for Federal Procurement Policy and also the Chair of the Cost Accounting Standards (CAS) Board, recently reappointed two members to the CAS Board; Bruce Timman from Honeywell as the industry representative and Richard Wall from Ernst & Young as the accounting representative.

The other members include Patrick Fitzgerald, Director DCAA and Kathleen Turco, GSA (General Services Administration).

The CAS Board has exclusive authority (based on Statute) to issue, amend, and rescind cost accounting standards, and interpretations of the standards, designed to achieve uniformity and consistency in the cost accounting standards governing the measurement, assignment, and allocation of costs to Government contracts. Contractors use CAS to estimate, accumulate, and report costs under certain high-dollar Government contracts. Service on the CAS Board requires knowledge and experience in cost accounting.

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