[Federal Register Volume 59, Number 64 (Monday, April 4, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-7960]
[[Page Unknown]]
[Federal Register: April 4, 1994]
=======================================================================
-----------------------------------------------------------------------
OFFICE OF MANAGEMENT AND BUDGET
Office of Federal Procurement Policy
48 CFR Part 9903
Cost Accounting Standards Board; Cost Accounting Standards Board
Disclosure Statement Form (CASB DS-1)
AGENCY: Cost Accounting Standards Board, Office of Federal Procurement
Policy, OMB.
ACTION: Advance notice of proposed rulemaking (ANPRM).
-----------------------------------------------------------------------
SUMMARY: The Office of Federal Procurement Policy, Cost Accounting
Standards Board (CASB), proposes to revise its Disclosure Statement
Form (CASB DS-1). Section 26(g)(1) of the Office of Federal Procurement
Policy Act requires that the Board, prior to the promulgation of any
new or revised Cost Accounting Standard, publish a report and an ANPRM.
This ANPRM addresses the Board's efforts to update and revise the CASB
Disclosure Statement.
DATES: Requests for a copy of the Disclosure Statement form must be in
writing and must be received by June 3, 1994. Comments must be in
writing and must be received by June 20, 1994.
ADDRESSES: Requests for a copy of the Disclosure Statement or comments
upon its contents should be addressed to Dr. Rein Abel, Director of
Research, Cost Accounting Standards Board, Office of Federal
Procurement Policy, 725 17th Street, NW., room 9001, Washington, DC
20503. Attn: CASB Docket No. 93-02.
FOR FURTHER INFORMATION CONTACT:
Dr. Rein Abel, Director of Research, Cost Accounting Standards Board
(telephone: 202-395-3254).
SUPPLEMENTARY INFORMATION:
A. Regulatory Process
The Cost Accounting Standards Board's rules and regulations are
codified at 48 CFR chapter 99. Section 26(g)(1) of the Office of
Federal Procurement Policy Act, 41 U.S.C. 422(g)(1), requires that the
Board, prior to the establishment of any new or revised Cost Accounting
Standard, complete a prescribed rulemaking process. This process
consists of the following four steps:
1. Consult with interested persons concerning the advantages,
disadvantages and improvements anticipated in the pricing and
administration of government contracts as a result of a proposed
Standard.
2. Promulgate an Advance Notice of Proposed Rulemaking.
3. Promulgate a Notice of Proposed Rulemaking.
4. Promulgate a Final Rule.
This proposal is step two in the four step process.
B. Summary of Proposed Rule
The Board initiated a case to consider issues related to the
revision of the Disclosure Statement (CASB DS-1), which was originally
developed and promulgated in the early 1970s. Only minor revisions to
the Statement have been made prior to the initiation of the current
project. On April 2, 1993, the CASB distributed a Staff Discussion
Paper incorporating a revised Disclosure Statement to certain
interested parties who generally possessed actual field experience in
submitting and auditing these documents. The Board is continuing the
revision process to improve the quality of information presented in the
Disclosure Statement form.
The purpose of this ANPRM is to seek broad public comment
concerning the format and data to be collected on the proposed form. In
particular, the Board is interested in soliciting comments concerning
the relevance and adequacy of the required disclosures to the quality
of the government contract cost measurement process.
Steven Kelman,
Administrator for Federal Procurement Policy and Chairman, Cost
Accounting Standards Board.
[FR Doc. 94-7960 Filed 4-1-94; 8:45 am]
BILLING CODE 3110-01-M
