[Federal Register Volume 63, Number 221 (Tuesday, November 17, 1998)]
[Notices]
[Page 63947]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-30619]
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OFFICE OF MANAGEMENT AND BUDGET
Office of Federal Procurement Policy
Cost Accounting Standards Board; Notice of Open Public Meeting
AGENCY: Cost Accounting Standards Board, Office of Federal Procurement
Policy, OMB.
ACTION: Notice.
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SUMMARY: The Cost Accounting Standards Board (CASB) hereby extends an
invitation for interested parties to attend an open meeting with the
Board and its staff on Tuesday, December 1 and Wednesday, December 2,
1998. Currently, the Board anticipates holding the December 1 meeting
from 8:30 a.m. until 12:30 p.m., and the December 2 meeting from 1-5
p.m. These meetings will be held in room 2010 of the New Executive
Office Building, 725 17th Street, NW, Washington, DC. During these
meetings, the Board would like to hear the views of interested parties
concerning various topics on the Board's current agenda of issues
meriting regulatory consideration. In addition, the Board welcomes the
views of interested parties concerning topics they believe the Board
should undertake in light of recent changes in the cost-based Federal
contracting/accounting environment (including the impact of acquisition
reform).
DATES: The meetings will be held on December 1, 1998, from 8:30 a.m. to
12:30 p.m. and on December 2, 1998, from 1 p.m. to 5 p.m. Due to time
and seating considerations, individuals desiring to attend these
meetings, or to make a presentation before the Board, must notify the
CASB staff, in writing, no later than November 23, 1998.
ADDRESSES: The meetings will be held in room 2010, New Executive Office
Building, 725 17th Street, NW., Washington, DC. Requests to attend
these meetings must be in writing, and must be addressed to Ms. Barbara
Diering, Special Assistant, Cost Accounting Standards Board, Office of
Federal Procurement Policy, 725 17th Street, NW, room 9001, Washington,
DC 20503. Attn: CASB Docket No. 98-01.
FOR FURTHER INFORMATION CONTACT: Ms. Barbara Diering, Special
Assistant, Cost Accounting Standards Board (telephone 202-395-3256).
SUPPLEMENTARY INFORMATION: The Cost Accounting Standards Board will
hold open public meetings on Tuesday, December 1, and Wednesday,
December 2, 1998. The purpose of these public meetings will be to hear
the views of interested persons concerning various topics on the
Board's current agenda of regulatory issues, as well as to consider the
views of interested persons concerning the Board's potential future
agenda in light of recent changes in the cost-based Federal
contracting/accounting environment.
To gain admittance, individuals desiring to attend these meetings
must notify the Board's staff, in writing, at the above listed address,
by the deadline noted. If an individual desires to make a presentation
to the Board at either of these sessions, he or she is required to
submit a brief outline of the presentation when making the request. In
addition, a full written statement must be submitted one week prior to
these meetings. In lieu of making an oral presentation, individuals may
submit a written statement for the record.
To obtain entrance to the New Executive Office building, all
potential attendees must include in their request: (1) Their full name;
(2) organizational affiliation (if any); (3) date of birth; (4) social
security number; and, (5) country of citizenship. Also, due to time and
potential space limitations in the meeting room, the Board will notify
individuals of their attendance and/or speaking status (date and time)
prior to the meeting. Time allocations for oral presentations will
depend on the number of individuals who desire to appear before the
Board.
AGENDA: The Board, in particular, solicits presentations on the
following:
I. Comments on topics where new promulgations are currently under
consideration by the Board.
1. Accounting for the cost of post-retirement benefit plans other
than pension plans sponsored by Government contractors.
2. Cost accounting practice changes.
(a) The definition of what constitutes a change to a cost
accounting practice.
(b) The Board's consistency requirements.
(c) The Board's contract price and cost adjustment requirements for
resolving the cost impact of a voluntary change to a cost accounting
practice (cost impact process).
(d) Circumstances where an exemption from the Board's contract
price and cost adjustment requirements for existing CAS-covered
contracts or subcontracts might be appropriate.
3. Accounting for the cost of employee stock option plans under
government contracts.
4. Accounting for the cost of internally developed and used
computer software.
5. Allocation of selling and marketing costs.
II. Suggested additional changes to existing Standards or regulations
not listed above (e.g., CAS contract applicability thresholds; funding
criteria for validation of contractor long-term liabilities; etc.).
III. Suggestions for broader guidelines that the Board might follow in
the future in selecting its agenda items in light of changes in the
Federal cost-based contracting/accounting environment (e.g., the impact
of acquisition reform).
Also, within given time constraints, the Board will be pleased to
hear comments on any other matter that may be of interest to affected
parties.
Richard C. Loeb,
Executive Secretary, Cost Accounting Standards Board.
[FR Doc. 98-30619 Filed 11-16-98; 8:45 am]
BILLING CODE 3110-01-P
