Cost Accounting Standard 414: How DOD's Budget Profit Policy and Contractors' Investments Relate to Standard 414

In response to a congressional request, GAO reviewed the relationship of Cost Accounting Standard (CAS) 414 to the Department of Defense's (DOD) budget request and contractor profits to: (1) assess Army, Air Force, and Navy treatment of CAS 414 procurement funds in the budgeting process; (2) identify the amount of funds the services negotiated under CAS 414; and (3) identify which contractors received the largest amounts of these funds.