Posts tagged Generally Accepted Accounting Principles (GAAP).
Time 6 Minute Read

On September 1, 2026, the Office of Management and Budget’s Cost Accounting Standards Board (the Board) published two final rules in the Federal Register that together represent the most significant deregulation of the Cost Accounting Standards (CAS) program in years. Both rules are effective October 1, 2026. Government contractors, particularly those near current CAS thresholds, those managing indefinite delivery contracts (IDCs), and those relying on standard costing, should assess the impact now.

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