Cost Accounting Standards Conformance to GAAP

Current understanding

To be populated as evidence accumulates.

2026-09-01 — Increase of Monetary Thresholds and Other Matters Related to Cost Accounting Standards Program Requirements: cross-connection with cost-accounting-standards: Companion CAS Board actions — one raising coverage thresholds and waiver flexibility, the other conforming individual CAS standards to GAAP. (novelty: 2)
2026-09-01 — Conformance of Cost Accounting Standards to Generally Accepted Accounting Principles for CAS 407 Use of Standard Costs for Direct Material and Direct Labor: Final rule eliminates CAS 407 (Use of Standard Costs for Direct Material and Direct Labor) as duplicative of GAAP, relocating one residual definition into the remaining CAS framework; effect limited to CAS-covered federal contractors. (novelty: 2)