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NYC Delays Enforcement of Automated Employment Decision Tools Law

Client Alert | 1 min read | 12.13.22

New York City has just announced that it will delay enforcement of Local Law 144, which will require employers and employment agencies using automated employment decision tools to ensure that a bias audit is conducted prior to the use of such tools, and will require notice of the use of such tools to covered candidates or employees.  The NYC Department of Consumer and Worker Protection is planning a second public hearing on the law, due to the high volume of public comments received in response to its proposed rules.  The agency is currently planning to delay enforcement of the rule until April 15, 2023.  We will continue to monitor for updates.

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Client Alert | 1 min read | 07.08.26

CAS Board Publishes Final Rule Rescinding CAS 404, 408, 409, and 4117

As part of its ongoing effort to conform the Cost Accounting Standards (“CAS”) to generally accepted accounting principles (“GAAP”), the CAS Board published a final rule rescinding CAS 408 (Accounting for costs of compensated personal absence) and CAS 411 (Accounting for acquisition costs of material).  The CAS Board also rescinded CAS 404 (Capitalization of tangible assets) and CAS 409 (Depreciation of tangible capital assets) but retained certain requirements of CAS 404 and 409, which will be located in new paragraphs of CAS 405 (Accounting for unallowable costs).  Specifically, the CAS Board retained the requirements currently located at CAS 404-50(d)(1), CAS 409-50(e)(5), CAS 409-50(j)(1), and CAS 409-50(j)(4), which the CAS Board explained are necessary to protect the Government’s interests.  Otherwise, the CAS Board determined that the requirements of CAS 404, 408, 409, and 411 overlapped with GAAP such that GAAP “may be applied reasonably as a substitute for CAS to support contract cost and pricing.”...

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