CAS Board Publishes Final Rule Rescinding CAS 404, 408, 409, and 4117 - Government Contracts Legal Forum
The CAS Board has finalized the rescission of Cost Accounting Standards 404, 408, 409, and 4117, reducing compliance burdens for government contractors.
Aforeworn detected this change in the Government Contracting (SAM/FAR) space on July 13, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Low urgency. Government contractors subject to CAS, including small businesses, defense contractors, and GSA schedule holders. should confirm how it applies to their specific situation before acting. There is a time constraint attached: No immediate deadline; effective upon publication in Federal Register. Recommended to update within 90 days.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Government Contracting (SAM/FAR) continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
CAS 404 (Capitalization of Tangible Assets), 408 (Accounting for Costs of Compensated Personal Absence), 409 (Depreciation of Tangible Assets), and 4117 (Cost of Money) are rescinded, eliminating related disclosure and compliance requirements.
Who it affects
Government contractors subject to CAS, including small businesses, defense contractors, and GSA schedule holders.
What you must do
Review and update CAS Disclosure Statements and internal accounting practices to remove references to rescinded standards.
Deadline
No immediate deadline; effective upon publication in Federal Register. Recommended to update within 90 days.
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