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Barry McVay's FEDERAL CONTRACTS DISPATCH

DATE: February 2, 2000

FROM: Barry McVay, CPCM

SUBJECT: Department of Defense; Public Meeting on Proposed Changes in Cost Accounting Practices

SOURCE: Federal Register, February 2, 2000, Vol. 65, No. 22, page 4940

AGENCIES: Department of Defense (DOD)

ACTION: Notice of Public Meeting

SYNOPSIS: The Office of the Director of Defense Procurement, in conjunction with the National Contract Management Association (NCMA), is sponsoring additional public meetings to discuss alternatives to the Cost Accounting Standards Board's proposed revision of its regulations pertaining to cost accounting practice changes that was published in the Federal Register on August 20, 1999.

DATES: The next public meeting will be held on February 10, 2000, from 9 a.m. until 4 p.m. Based on the nature and extent of input received, additional public meetings may be held in the days and weeks following February 10. The dates and times of those meetings will be made available on http://www.acq.osd.mil/dp/cpf, as soon as they are scheduled.

ADDRESSES: The meeting will be held at the NCMA, 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, 703-695-7249, fax: 703-693-9616, e-mail: capitadj@acq.osd.mil; or Ms. Claudia Low, NCMA, 703-734-5440.

SUPPLEMENTAL INFORMATION: On December 17, 1999, DOD and NCMA held a meeting to discuss alternatives to the Cost Accounting Standards Board's third proposed revision of its regulations pertaining to contractor cost accounting practice changes. Based on that meeting, the Office of the Director of Defense Procurement would like to hear the views of interested parties on the current version of their recommended alternative to the Cost Accounting Standards Board approach. The current version is available at http://www.acq.osd.mil/dp/cpf.

The Office of the Director of Defense Procurement is particularly interested in obtaining comments concerning three areas of its recommended alternatives:

  1. The definition of "similar functions" and "similar activities."

  2. The proper treatment of pool combinations, pool split-outs, and functional transfers that occur between two viable operating segments or that involve different organizational levels within the company.

  3. Whether an exemption is necessary, and if so, the criteria needed to implement such an exemption.

The Office of the Director of Defense Procurement will evaluate the input received and, if necessary, provide a revised or amended version of its alternative to the Cost Accounting Standards Board for its consideration.

FOR FURTHER INFORMATION CONTACT: Barry McVay at 703-451-5953 or by e-mail at BarryMcVay@FedGovContracts.com.

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