[Federal Register Volume 63, Number 221 (Tuesday, November 17, 1998)]
[Notices]
[Page 63947]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-30619]


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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.

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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:

I. 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. 98-30619 Filed 11-16-98; 8:45 am]
BILLING CODE 3110-01-P