Our August edition of "Government Contracts Legislative and
Regulatory Update" offers a summary of the relevant changes
that took place during the month of July.
Highlights this month include:
- CAS Board clarifies commercial item
exemption, but creates potential audit issues
- FY 2019 National Defense
Authorization Act becomes law
This update will also be available in Contract Management
Magazine, which is published monthly by the National Contract
Management Association (NCMA).
Regulations
CAS Board clarifies commercial item exemption, but creates
potential audit issues
After publishing a proposed rule more than five and a half years
ago, the Cost Accounting Standards (CAS) Board issued a final rule
on July 17, 2018 revising the CAS exemption for contracts or
subcontracts for the acquisition of commercial items. The final
rule clarifies that the current CAS exemption for commercial items
extends to all contract types listed in Federal
