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Cost Accounting Standards BoardAn independent board in in the Office of Management and Budget that has the exclusive authority to prescribe, amend, and rescind cost accounting standards (CAS) governing the measurement, assignment, and allocation of costs to contracts within the federal government.
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Cost Accounting Standards BoardDefinition A U.S. government body responsible for managing the cost accounting practices involved in federal grants and contracts. The group's objective is to maintain consistent standards and po [..]
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