Data / Federal rules / 2026-17903
Conformance of Cost Accounting Standards to Generally Accepted Accounting Principles for CAS 407 Use of Standard Costs for Direct Material and Direct Labor
The Federal Procurement Policy Office published this final rule in the Federal Register on September 1, 2026. It took effect on October 1, 2026.
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What the agency says
The Office of Management and Budget (OMB), Cost Accounting Standards Board (the Board), is publishing a final rule rescinding Cost Accounting Standard (CAS) 407 to conform it with Generally Accepted Accounting Principles (GAAP). One definition is transferred to a different location within chapter 99 of title 48, Code of Federal Regulations. This final rule follows issuance of a Notice of Proposed Rulemaking (NPRM) (91 FR 13562).
Key facts
- Document number
- 2026-17903
- Type
- Final rule
- Action
- Final rule
- Agency
- Management and Budget Office; Federal Procurement Policy Office
- Published
- September 1, 2026
- Takes effect
- October 1, 2026
- Dates
- Effective date: October 1, 2026.
- Regulation ID (RIN)
- 0348-AB91
- Code of Federal Regulations
- 48 CFR 9903; 48 CFR 9904
- Topics
- Government procurement
- Pages
- 3
Other documents from the Federal Procurement Policy Office
Everything from the Federal Procurement Policy Office · Rules on government procurement · Published in September 2026
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.