Cost Accounting Standards Board: Little Progress Made In Resolving
Important Issues (Letter Report, 05/25/94, GAO/AIMD-94-88).

Since the newly established Cost Accounting Standards Board began
operations in July 1990, it has made minimal progress in resolving
pressing cost accounting issues. The Board has completed only three of
its original 12 projects, two of which dealt primarily with internal
organizational and operational issues. The inherent nature of the
Board's work as a standard-setter, where general acceptance is obtained
through deliberative due process procedures, makes it hard to measure
timeliness. However, the Board's progress has been hampered by limited
staffing and inadequate planning and project management. The majority of
respondents to GAO's survey of government and industry contracting
representatives believed that the Board has been moving too slowly in
issuing authoritative guidance and probably has too few staff.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  AIMD-94-88
     TITLE:  Cost Accounting Standards Board: Little Progress Made In 
             Resolving Important Issues
      DATE:  05/25/94
   SUBJECT:  Accounting procedures
             Human resources utilization
             Standards evaluation
             Cost accounting
             Federal procurement
             Cost accounting standards compliance
             Auditing procedures
             Negotiated procurement
             Federal agency accounting systems
             Contract costs

             
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