In order to develop an accurate overhead rate, it is imperative that your job costing system is accurate and that your costs are appropriately segregated. Grau & Associates has been providing this specialized auditing service to FDOT contractors for over 15 years. We are intimately familiar with the Federal Acquisition Regulations (FARs) and the various complicated interpretations. We perform an overhead audit or examination‐level attestation engagement for our clients in accordance with Government Auditing Standards (GAGAS) to obtain reasonable assurance that the A/E consultant complied with FAR Part 31 and applicable Cost Accounting Standards.
As with all audits, proactive planning is the key. Not only will this facilitate compliance, it may even increase your firm’s profitability through improved processes, procedures, internal controls, and streamlined operations. Overhead audits are complex, but the benefits may be significant for A/E firms seeking to grow their businesses by obtaining consulting contracts with the State.
For more information about our Overhead Audit Services, please contact us.