The National Defense Authorization Act for Fiscal Year 2017 (PL 114-328) establishes a new Cost Accounting Standards Board specific to the Department of Defense. Section 820 of the NDAA adds 10 USC 190 to create a seven-member panel chaired by DoD’s chief financial officer. The duties of the Defense Cost Accounting Standards Board include reviewing DoD’s application of existing cost accounting standards and recommending changes to the CAS Board. The Defense CAS Board has exclusive authority, with respect to DoD, to implement cost accounting standards to achieve uniformity and consistency in the standards governing measurement, assignment, and allocation of costs to contracts with DoD. The Board is also charged to develop standards to ensure that commercial operations performed by DoD employees adhere to cost accounting standards that inform managerial decision making.
Source: 2017 NDAA Creates New Defense CAS Board | Government Contracts Blog
DoD Issues Five Final Rules Amending the DFARS
The Department of Defense has issued five final rules that amend the Defense Federal Acquisition Regulation
