About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

094488 1 (1968-10-29)

handle is hein.gao/gaobacujo0001 and id is 1 raw text is: I? 094488 Address by the Comptroller General of the United States, Elmer B. Staats, before the Stuart Cameron McLeod Society of tre rrTt1nal Association of Accountants, Doral Country Club, Miami Beach, Florida, October 29, 1968 UNIFORM COST ACCOUNTING STANDARDS IN NEGOTIATED DEFENSE CONTRACTS Early in the Spring of this year, the General Accounting Office was extremely busy from one end of the United States to the other conduct- ing a comprehensive series of reviews in connection with various anti- poverty programs of the Office of Economic Opoortunity and the Department of Labor. We had received this assignment under amendments to the Economic Opportunity Act in December 1967. By Swring, therefore, we were heavily engaged on this project, one of the most comprehensive that the GAO has undertaken. At the same time, of course, we were carrying on dozens of other audits and reviews of activities of the Executive Branch of the Government as we regularly do as an arm of the Legislative Branch. Under the circumstances, we were not perhaos quite prenared for action taken unexpectedly in May by the House Banking and Currency Committee. Following hearings by the Committee on a relatively routine bill to extend the Defense Production Act of 1950, which comes up biennially, the House Committee reported the bill with an unusual amendment. The amendment directed the Comptroller General to develop uniform accounting standards to be applied to all negotiated prime contract and subcontract procurements by the Department of Defense in excess of

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most