DoD, GSA, and NASA Adopt Final Rule on Cost Accounting Practices for Foreign Contracts

Summary

The Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) have adopted a final rule amending the Federal Acquisition Regulation (FAR) to align it with a Cost Accounting Standards (CAS) Board clause, Disclosure and Consistency of Cost Accounting Practices for Contracts Awarded to Foreign Concerns, without any changes.