Cost Accounting Standards Board:

Little Progress Made In Resolving Important Issues

AIMD-94-88: Published: May 25, 1994. Publicly Released: Jun 7, 1994.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO reviewed the Cost Accounting Standards Board's operations, focusing on: (1) its progress in resolving cost accounting issues; and (2) the adequacy of its staffing levels.

GAO found that: (1) since 1990, the Board has made minimal progress in resolving important cost accounting issues; (2) the Board has only completed 3 of its 12 projects, 2 of which dealt with internal organizational and operational issues; (3) the Board's timeliness in resolving cost accounting issues has been difficult to measure because of the deliberative nature of its work; (4) the Board's ability to expeditiously complete ongoing projects, begin critical projects, and establish timeframes and milestone dates for ongoing projects has been hindered by inadequate staffing, planning, and project management; (5) government and industry officials believe that the Board has been slow in issuing authoritative guidance and that its staffing is inadequate; and (6) the Board needs to improve its strategic planning and project management if it is to fill existing gaps in cost accounting standards.

Oct 2, 2017

  • auditing icon, source: PhotoDisc

    U.S. Territories:

    Public Debt Outlook
    GAO-18-160: Published: Oct 2, 2017. Publicly Released: Oct 2, 2017.

Sep 26, 2017

Jul 13, 2017

Jul 12, 2017

Jun 30, 2017

Jun 29, 2017

Jun 14, 2017

Jun 13, 2017

May 25, 2017

Looking for more? Browse all our products here