Cost Accounting Rules Get GAAP Makeover for Contractors
Published Date: 9/11/2025
Proposed Rule
Summary
The government wants to update some cost accounting rules (CAS 404, 408, 409, and 411) to match regular accounting standards (GAAP). This affects companies that work with federal contracts and helps make sure their accounting is clear and fair. They’re asking for public feedback before finalizing these changes, aiming to finish the updates quickly with no big cost surprises.
No Economic Impacts Identified for this Document
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