‘They Overreached’: Amid Industry Worry, New Feinberg Memo Tweaks Accounting Regime
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‘They Overreached’: Amid Industry Worry, New Feinberg Memo Tweaks Accounting Regime

dealbreaker
1 week ago
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WASHINGTON — A memo signed out by Deputy Secretary of Defense Stephen Feinberg this week as is the latest in the Pentagon’s attempt to streamline defense acquisition, but also serves a corrective to a previous declaration that had concerned industry, analysts tell Breaking Defense.Tuesday’s memo, titled “Fostering One Strong Industrial Base,” primarily targets the Cost Accounting Standards (CAS) used across goverrinciples (GAAP) used in the commercial sector. “We will accept GAAP-based accountin...

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