SURVEYS AND RELATIONSHIP WITH COST ACCOUNTING STANDARDS

Document Type: 
Collection: 
Document Number (FOIA) /ESDN (CREST): 
CIA-RDP89B00552R000700050024-2
Release Decision: 
RIPPUB
Original Classification: 
K
Document Page Count: 
2
Document Creation Date: 
December 15, 2016
Document Release Date: 
January 7, 2004
Sequence Number: 
24
Case Number: 
Publication Date: 
June 16, 1975
Content Type: 
REGULATION
File: 
AttachmentSize
PDF icon CIA-RDP89B00552R000700050024-2.pdf275.69 KB
Body: 
Approved For Release' 2004/03/18 : CiA-RDP89B00552R000700050024-2 a_6 Tune 1.975 C kD 1hotrUction No. 8 SU&W..T: & rveys aaaxt :relationship with Cost Accounting Standards 1. The attach i survey ;fears., No. 3771 dated April 15r(5.9 has been deeigue(I to cwmeto 'ee with disclosure. staatements required by the Cost Acc ting Standards 'd under public law 91+-379? At the present time, each company vahich together with its s0basidie:"ies received net awards of negotiated contracts during either of Federal. Fisca~. Years 197'2 . or 1973 totaling more than $10 million (originally y $30 i illicm), ad is entering into a negotiated cctttract' in excess of $100,000,, is required to Me a disclosure staateennt. (The Board has proposed that ef- fective 1 Jul. 1975 mf eamp r, including subsidiaries, that hags received negotiated nas.i!e a1 defense prime contracts subject to Cost Accounting Standards totsl'!ng ssnr than $10 al.1114n, In Federal Fisczal Years 1974 .or 1975 be required to Stftit a, lisp stst nt.) In the eMt the entity being surveyed has e pl*t 'am CUB-W- X (Disclosure Statement) ` a copy, if not previously f4 bo the A?en y di=34 be secured f5rom the contractor. Page 1 through 4 (j a d ta~est4.41 ), at the *ttacbed will be completed by the auditor but puts I maJi III I will be 1re plawoed by the ec ntrsator $ a e pleted Pam CAED.D91. All pertinent pe staid' the sttsch d survey form will be competed +sgV~i.icn? Boar those ecm ies not required to file a disclosure statmwt a#Ad M~sb se are entering into a negotiated. contract in excess of $100,000? 2. The acted survey f we to be used Vw the Vul=e of deteridn ng Usaiguy tdy*thes a prospeaetive Agency contractor an acceptable cost se. t eyeten tar ready detexminatiaa of agatract costs. .Additionally it will bn tts d M arttbseq aeit soots to enure consistent cost treat teat in the prepar arertiras of 'nom as accommUtian of actual costs, corns .tent aa-ppliaatice on ocr tyro is with other Om+ tt contracts # and also to determine eahetber carttals.*tu is sjstan basis a aplied with dOy prat ]gated Cost Accounting 3, t b t i 1 J i Cast ?Q~g Btaandards were applicable to a all Imred awtacaee0r" in ? s or .0001 aaaanly to those contractors wbn goo - fiqutmd to file diselestare star-slits), unless specifically exempt by the oat ar0asaaAfettft mod. Mffecti'ee 1 Jaxea ry 3.~'T5a the CABS has wed, the ftvJkold 3ea"X of amts subject to Cost Accounting Standards from $300,000 tot.C00-. After a, atutra~otcr reaoiv s we $W,,000 contract aal]. subsequent era s enr 3,004 will. also be subject to Coot Accounting Standards. ~F? so W a0ors we expected to becN'ale fanil iaar with Cost Aa3c eating Aids as t we pa+dspt'# ted, revlw contractor's practices =A advise MM it t in eoWJaw*. pail r vp will be made to ensure compl to and/or !bra to *=bract price for failure to comply or to db13 +t~oasis~ 'cast masftmaitie p nactiees in pricing proposals and in so- # tyt ash a+eprting contract perfo to dataa. ft d e t e r UP f Uawl Cost Aca tt Stw1ards have been Usued: OAS w a ? Colesfs*gl1r *4 In Ott Aa3 manalati34,, eM Bep rting Coasts ? a#Rrct ive IrOVIV no exemptions. CAB A 02 - Consist= cy In Alloesti Casts Incurred for the Bane Purpose: - effective 7/03172 - no exe rptious. C" 403 - A.l~loovew,ticeaa of Hwe OlTice 1tpen*eaaa to t3egw nos - effective 7/01/73 (to be fol.lowvd by each ccatraetor as of the beginning of his next fiscal. year after 9/30/73) HAMPUM - those contractors taho are not requtr d to Sundt dtselowre statements. Approved For Release 2004/03/18 : CIA-RDP89B00552R000700050024-2 Approvor Release: 2004/03/18: C1A-RDP8552R000700050024-2 DTs OWVOys and Reiaa`tiaasaahip with Cost Accounting Standards CAB 104 - Gapi~t4+t of Tangible Aasaets - effective 7/01/73 (Appiieable to scorned e xpeadttus: - s for acquiaian of tangible capital assets during the eontaractor ? e next fiscal year beginning on or after 10/01/73.) - no ptims. CM 1 - A ccmmting;; for Vicaa11.owable Cuts - 1 'eetive 4/01/74 - ~ y. no i iuieo coat ACtacating Periods - effective 7/01/74 - no exalatic>ase. CAS T Use of Std Costs fCqr Direct I4ateriaa,l and Direct Labe - effective 10/01/74 - no exempt&ona. CAB 40 - Acoa tb . fbr Coats of Compensated Personal Absence - effective 7/01/" .? no exmvuces. CO W - D o ti of amble. Capital Assets - effective 73 does not ripply here ~aztiaaa for the use of tangible capital assets is based on use air 1=M w" as for by the pravisi m of M06-734 east pz1ncip1es for ffiducstia . instutiaas); PM-74-4 $ for detds nine casts applicable to , to ailed castraoU with state and loawa goss ernments) - or saber sal Wopxiste todessl Prau-'Axrdmntt Ieegtl1aticaes. (Altbov& the etfeoti.'a . date is 7/01/77 the Senate tto0 is ae-eri mtay i sestitaeating to doton wbetb r the Btalndard. 'Imposes swch an unresact sable brim ca industry that it is inconsistent with Bhti Ream Me Policy and eo mtt psocurewnts a alez+ ives. ) Peopowd CAB 111- AUooaation of V mineas Unit General arA .A+baitaist raUve a to cost Objectives. Psweed CAB h U . Ave t-ing for Aoquisit lon Coasts of .)aterisls. 6. its we expeo sad, to w me Yam No. 3771 (or secure a copy of Parmt CAMMI# It net alr*W in OW files) an, these centraactore with vbaan we hairs a t 491 vb2mm a of business, an their next visit. Chief Commercial Byast and Audit Division