99-31362. Changes in Cost Accounting Practices

[Federal Register Volume 64, Number 232 (Friday, December 3, 1999)]
[Proposed Rules]
[Page 67814]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-31362]


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DEPARTMENT OF DEFENSE

48 CFR Part 30


Changes in Cost Accounting Practices

AGENCY: Department of Defense (DoD).

ACTION: Notice of public meeting.

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SUMMARY: The Office of the Director of Defense Procurement, in 
conjunction with the National Contract Management Association, is 
sponsoring a public meeting to discuss alternatives to the Cost 
Accounting Standard Board's Supplemental Notice of Proposed Rulemaking 
(SNPRM-II) regarding ``Changes in Cost Accounting Practices,'' 
published in the Federal Register at 64 FR 45700 on August 20, 1999. 
The Office of the Director of Defense Procurement would like to hear 
the views of interested parties on potential alternatives to the 
approach proposed by the Cost Accounting Standards Board in SNPRM-II. 
One such alternative is available on the Internet Home Page of the 
Office of Cost, Pricing, and Finance at http://www.acq.osd.mil/dp/cpf.
    The Office of the Director of Defense Procurement is particularly 
concerned about the complexity and level of detail contained in SNPRM-
II, and the additional administrative burden for contractors and 
contracting officers that would result from its implementation. The 
Office is also concerned that the addition of unnecessary and 
cumbersome requirements for contractor submissions and government 
reviews would lengthen the process for resolving the cost impact of a 
change in cost accounting practice and increase the potential for 
disputes.
    If feasible alternatives to SNPRM-II can be identified, working 
groups may be formed to refine the alternatives if necessary. The 
alternatives would then be provided to the Chairman of the Cost 
Accounting Standards Board for the Board's consideration.

DATES: The meeting will be held on December 17, 1999, from 9 a.m. until 
1 p.m.

ADDRESSES: The meeting will be held at the National Contract Management 
Association, 1912 Woodford Drive, Vienna, VA 22182. Directions may be 
found on the Internet at http://www.acq.osd.mil/dp/cpf.

FOR FURTHER INFORMATION CONTACT: Mr. David Capitano, Office of Cost, 
Pricing, and Finance, by telephone at [phone], by FAX at (703) 
693-9616, or by e-mail at [e-mail]; or Ms. Claudia Low, 
National Contract Management Association, by telephone at (703) 734-
5440.
Michele P. Peterson,
Executive Editor, Defense Acquisition Regulations Council.
[FR Doc. 99-31362 Filed 12-2-99; 8:45 am]
BILLING CODE 5000-04-M