Government Overhead Audits
Companies that participate or bid on federal, state or local government contracts must calculate, submit and then have audited their overhead or indirect cost rate. Our team has extensive experience and knowledge in these areas. We have assisted firms of all sizes from start up companies to Fortune 500 companies in the development or audit of their rates. We work directly with the state agencies with regards to your company’s rate calculations or audit. Some of the services performed in this are:
- Overhead rate audits (FAR 31)
- Rate reviews and cost optimization strategies
- System and internal control evaluations
- Calculation of facilities cost of capital
- Training programs for staff to ensure proper expense bucketing
- Continued support of all provided audit services
The following links provide useful information on overhead rate audits:
- AASHTO
– American Association of State Highway Transportation Officials and the AASHTO Uniform Audit and Accounting Guide 2012
- AASHTO Compensation Matrix
– Excel format of the AASHTO Compensation Matrix for firms with less than $500,000,000 in revenue.
- FAR 31.2
– Federal regulations as they relate to government contracts