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094391 1 (1980-02-20)

handle is hein.gao/gaobadxka0001 and id is 1 raw text is: STATEMENT OF ELMER B. STAATS, CHAIRMAN, COST ACCOUNTING STANDARDS BOARD BEFORE THE LEGISLATIVE SUBCOMMITTEE OF THE APPROPRIATIONS COMMITTEE U.S. HOUSE OF REPRESENTATIVES ON low COST ACCOUNTING STANDARDS BOARD BUDGET ESTIMATES FOR FISCAL YEAR 1981 094391 MR. CHAIRMAN AND MEMBERS OF THE SUBCOMMITTEE: 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 1981. Our budget estimate for Fiscal Year 1981 is $961,000. *This amount is $339,000 less than was appropriated for Fiscal Year 1980. Before describing the details of our budget estimate, I would like first to review briefly for you the Board's activities to date. SUMMARY OF MAJOR PROMULGATIONS The Board has promulgated seventeen Cost Accounting Standards, two interpretations of Standards, and implementing regulations. All of these promulgations are required to be included in major negotiated defense contracts. The major promulgations of the Board are listed in Appendix A to this statement. The Board also has designed a Disclosure Statement which is used to inform the Government of contractor's cost accounting practices. These Disclosure Statements facilitate the negotiation, audit, and settlement of contracts by requiring major defense contractors to describe cost accounting practices they will follow for negotiated oc<p59/ ~(LO ' W \;10/ 0 0 q1311

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