[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR30.602]

[Page 560]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 30_COST ACCOUNTING STANDARDS ADMINISTRATION--Table of Contents
 
                     Subpart 30.6_CAS Administration
 
Sec.  30.602  Changes to disclosed or established cost accounting practices.

    Adjustments to contracts and withholding amounts payable for CAS 
noncompliance, new standards, or voluntary changes are required only if 
the amounts involved are material. In determining materiality, the ACO 
shall use the criteria in 48 CFR 9903.305 (FAR appendix). The ACO may 
forego action to require that a cost impact proposal be submitted or to 
adjust contracts, if the ACO determines the amount involved is 
immaterial. However, in the case of noncompliance issues, the ACO shall 
inform the contractors that:
    (a) The Government reserves the right to make appropriate contract 
adjustments if, in the future, the ACO determines that the cost impact 
has become material and
    (b) The contractor is not excused from the obligation to comply with 
the applicable Standard or rules and regulations involved.

[57 FR 39587, Aug. 31, 1992, as amended at 61 FR 18918, Apr. 29, 1996; 
62 FR 40237, July 25, 1997]