Cost Accounting Standards, Rule and Regulations...

Since the early part of the century, the federal government has had accounting requirements or criteria designed to protect it from the risk of overpaying for goods and services by governing the manner or degree to which contractors apportion costs to their cost-based contracts with the government. A key role in the current rules is played by the 19 standards that were developed in the 1970s by the Cost Accounting Standards (CAS) Board, a body created by Congress for the purpose of developing a set of uniform and consistent standards. The 19 standards and their attendant regulations impose unique and significant accounting requirements on companies that are awarded cost-based contracts by the government.
Book: Cost Accounting Standard, Rules and Regulations (Download)