Recent CAS Proposed Rules: CAS Applicability to IDVs and Conformance to GAAP

Learning Objectives: 

• Recognize the Current Regulatory Landscape: Comprehend the absence of clear regulatory requirements for applying CAS to IDVs and the significance of the CASB's recent actions to address this gap.
• Review the current overlaps between CAS and GAAP and potential effect to CAS 403, 408, 409, 414 and 417.  
• Assess Practical Implications for Contractors: Recognize the importance of maintaining consistent procedures for determining CAS applicability to IDIQ contracts and understand the potential challenges in implementing new CAS rules, especially for pre-existing contracts.

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