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Cost Accounting Standards Board Regulations as of January 1, 2011reproduces all of Title 48, Chapter 99 regulations issued by the CostAccounting Standards Board, plus the nineteen standards included in Part 9903,Subchapter B of the Federal Acquisition Regulation.The cost accounting standards provide rules for estimating, accumulating, andreporting costs under negotiated government contracts and subcontracts. Thesestandards apply to negotiated contracts issued by all agencies of thegovernment, but do not apply to small business, sealed bid or commercial itemcontracts and subcontracts. Compliance or noncompliance with these regulationshas a direct bearing on a contractor's ability to recover costs.