Meetings: Cost Accounting Standards Board,

[Federal Register: November 17, 1998 (Volume 63, Number 221)]

[Notices]

[Page 63947]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr17no98-106]

OFFICE OF MANAGEMENT AND BUDGET

Office of Federal Procurement Policy

Cost Accounting Standards Board; Notice of Open Public Meeting

AGENCY: Cost Accounting Standards Board, Office of Federal Procurement Policy, OMB.

ACTION: Notice.

SUMMARY: The Cost Accounting Standards Board (CASB) hereby extends an invitation for interested parties to attend an open meeting with the Board and its staff on Tuesday, December 1 and Wednesday, December 2, 1998. Currently, the Board anticipates holding the December 1 meeting from 8:30 a.m. until 12:30 p.m., and the December 2 meeting from 1-5 p.m. These meetings will be held in room 2010 of the New Executive Office Building, 725 17th Street, NW, Washington, DC. During these meetings, the Board would like to hear the views of interested parties concerning various topics on the Board's current agenda of issues meriting regulatory consideration. In addition, the Board welcomes the views of interested parties concerning topics they believe the Board should undertake in light of recent changes in the cost-based Federal contracting/accounting environment (including the impact of acquisition reform).

DATES: The meetings will be held on December 1, 1998, from 8:30 a.m. to 12:30 p.m. and on December 2, 1998, from 1 p.m. to 5 p.m. Due to time and seating considerations, individuals desiring to attend these meetings, or to make a presentation before the Board, must notify the CASB staff, in writing, no later than November 23, 1998.

ADDRESSES: The meetings will be held in room 2010, New Executive Office Building, 725 17th Street, NW., Washington, DC. Requests to attend these meetings must be in writing, and must be addressed to Ms. Barbara Diering, Special Assistant, Cost Accounting Standards Board, Office of Federal Procurement Policy, 725 17th Street, NW, room 9001, Washington, DC 20503. Attn: CASB Docket No. 98-01.

FOR FURTHER INFORMATION CONTACT: Ms. Barbara Diering, Special Assistant, Cost Accounting Standards Board (telephone 202-395-3256).

SUPPLEMENTARY INFORMATION: The Cost Accounting Standards Board will hold open public meetings on Tuesday, December 1, and Wednesday, December 2, 1998. The purpose of these public meetings will be to hear the views of interested persons concerning various topics on the Board's current agenda of regulatory issues, as well as to consider the views of interested persons concerning the Board's potential future agenda in light of recent changes in the cost-based Federal contracting/accounting environment.

To gain admittance, individuals desiring to attend these meetings must notify the Board's staff, in writing, at the above listed address, by the deadline noted. If an individual desires to make a presentation to the Board at either of these sessions, he or she is required to submit a brief outline of the presentation when making the request. In addition, a full written statement must be submitted one week prior to these meetings. In lieu of making an oral presentation, individuals may submit a written statement for the record.

To obtain entrance to the New Executive Office building, all potential attendees must include in their request: (1) Their full name; (2) organizational affiliation (if any); (3) date of birth; (4) social security number; and, (5) country of citizenship. Also, due to time and potential space limitations in the meeting room, the Board will notify individuals of their attendance and/or speaking status (date and time) prior to the meeting. Time allocations for oral presentations will depend on the number of individuals who desire to appear before the Board.

AGENDA: The Board, in particular, solicits presentations on the following:

1. Comments on topics where new promulgations are currently under consideration by the Board.

1. Accounting for the cost of post-retirement benefit plans other than pension plans sponsored by Government contractors.

2. Cost accounting practice changes.

   (a) The definition of what constitutes a change to a cost accounting practice.

   (b) The Board's consistency requirements.

   (c) The Board's contract price and cost adjustment requirements for resolving the cost impact of a voluntary change to a cost accounting practice (cost impact process).

   (d) Circumstances where an exemption from the Board's contract price and cost adjustment requirements for existing CAS-covered contracts or subcontracts might be appropriate.

3. Accounting for the cost of employee stock option plans under government contracts.

4. Accounting for the cost of internally developed and used computer software.

5. Allocation of selling and marketing costs. II. Suggested additional changes to existing Standards or regulations not listed above (e.g., CAS contract applicability thresholds; funding criteria for validation of contractor long-term liabilities; etc.). III. Suggestions for broader guidelines that the Board might follow in the future in selecting its agenda items in light of changes in the Federal cost-based contracting/accounting environment (e.g., the impact of acquisition reform).

   Also, within given time constraints, the Board will be pleased to hear comments on any other matter that may be of interest to affected parties. Richard C. Loeb, Executive Secretary, Cost Accounting Standards Board.

   [FR Doc. 98-30619Filed11-16-98; 8:45 am]

   BILLING CODE 3110-01-P