1. Home
  2. |Insights
  3. |DPAS Regs Updated and Expanded

DPAS Regs Updated and Expanded

Client Alert | less than 1 min read | 08.15.14

On August 14, 2014, Commerce's Bureau of Industry and Security issued a final rule revising the Defense Priorities and Allocations System (DPAS) Regulations. Among other changes, the final rule (1) expands the scope of DPAS coverage by adding homeland security and critical infrastructure protection/restoration activities as reasons that rated orders may be issued; (2) adds language clarifying that recipients of rated orders have delegated authority to place ratings on contracts or orders with lower-tier contractors, subcontractors, and suppliers; and (3) reduces the time for written follow-up if a party is unable to comply with a rated order. 

Contacts

Insights

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  The CAS Board also rescinded CAS 404 (Capitalization of tangible assets) and CAS 409 (Depreciation of tangible capital assets) but retained certain requirements of CAS 404 and 409, which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.”...

View All Insights