Monday, September 26, 2011

CAS Board Activities

The CAS (Cost Accounting Standards) Board recently published the minutes of the final two meetings held in 2010. There were four in all; February, August, September, and November. Very little happened during the year. Personnel-wise, a new OFPP Administrator (Daniel Gordon) took over as Chairman and the DoD representative transitioned from April Stephenson to Patrick Fitzgerald. Otherwise, it was a very uneventful year.

February: Staff updated board members on the ongoing project to harmonize the pension standards (CAS 412 and 413) with the Pension Protection Act (PPA) of 2006.

August: Again, the only topic of discussion was the CAS Pension Harmonization.

September: Discussed the pension harmonization again. Also discussed a proposal to tie the CAS applicability threshold to the TINA (Truth in Negotiations Act) threshold (currently set at $700 thousand).

November: Same topics as the September meeting.

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