Senate panel would create new DOD cost accounting standards board

摘要

Under the defense authorization bill approved by the Senate Armed Services Committee, the Pentagon would create a new cost accounting standards board. In a report attached to the legislation, the committee says the newly created independent board, chaired by DOD's chief financial officer, would "prescribe, amend, and rescind cost accounting standards as they affect operations at the Department of Defense." "The committee is concerned that the current cost accounting standards favor incumbent defense contractors and limit competition by serving as a barrier to participation by non-traditional, small business, and commercial contractors," the document continues. "To level the competitive playing field to access new sources of innovation, it is in the government's interest to adopt more commercial ways of contracting, accounting, and oversight."