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091285 1 (1973-03-05)

handle is hein.gao/gaobadxie0001 and id is 1 raw text is: 






                             STATEMENT OF
       ELMER B. STAATS, COMPTROLLER GENERAL OF THE UNITED STATES
                              BEFORE THE
           LEGISLATIVE SUBCOMMITTEE, APPROPRIATIONS COMMITTEE
                 UNITED STATES HOUSE OF REPRESENTATIVES
                                  ON
                    COST ACCOUNTING STANDARDS BOARD
                 BUDGET ESTIMATES FOR FISCAL YEAR 1974


MR. CHAIRMAN AND MEMBERS OF THE SUBCOMMITTEE:                   LM091285

     I am appearing before you today in my capacity as Chairman of the
Cost Accounting Standards Board to discuss the budget estimates for

Board operations during Fiscal Year 1974.

     Let me take a very few minutes to tell you of the Board's work in

the past twelve months. The Board has vigorously urged representatives

of all those who are concerned with its work, including Government agencies,

the accounting profession, defense contractors, industry associations, and

the academic community to assist in the extensive research which is basic

to the development of Cost Accounting Standards and the Board's rules and

regulations. As a new regulatory agency, the Board early took action to

establish active, open consultations with representatives of all of these

groups. Participation on either an individual basis or an organizational
basis was encouraged, and the response has been gratifying, since the

participation has been of exceptionally high value to the Board.






                                 e~Sd

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