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AASHTO Audit Guide Revisions Near Completion

04 Nov

AASHTO Audit Guide Revisions Near Completion

As you know, the AASHTO Uniform Audit & Accounting Guide is a resource used extensively by A/E firms, CPA firms, and state DOTs to provide clarification of underlying regulations such as FAR Part 31 and to establish expectations for the development of indirect cost rates. A group of us which includes representatives from ACEC, AASHTO, and FHWA have been working on updates to the Audit Guide for over a year, and revisions are near completion. We expect the final draft of the revised Audit Guide to be posted to the AASHTO website by early December.

Here are some areas where you will see changes:

Labor costing, uncompensated overtime, and overtime premium
Field and home office overhead rates
Compensation, including bonus plans, allowability, and reasonableness
Allowability of specific areas of cost
Audit report examples
CPA Workpaper Review Program

We will cover the significant changes to the Audit Guide in our upcoming webinarson November 17 and December 8, as we discuss advanced issues in the development and auditing of A/E firm overhead rates. We hope to see you there!

Dan Purvine is the President of A/E Clarity Consulting and Training, a firm that specializes in helping A/E firms to navigate the complex rules and regulations applicable to state, federal, and local agency contracts. Dan brings to this role over 14 years of experience in the A/E industry as the Vice President of Finance and Accounting for a large engineering firm. Dan has been providing A/E industry training through A/E Clarity since 2012 and has trained thousands of people in architecture and engineering firms, CPA firms and public agencies. Dan is the former chair of the American Council of Engineering Companies (ACEC) National Audit Subcommittee and continues to work closely with FHWA and AASHTO in his consulting role with ACEC to achieve uniform application of FAR Part 31 and the AASHTO Audit Guide, and to better address the needs of A/E firms nationwide. He has been heavily involved in the development of the AASHTO Audit Guide and the National Compensation Matrix, and works closely with the AASHTO Audit Guide Taskforce to continually improve the Guide as a tool for A/E firms, State DOTs, and CPAs. Dan works closely with state ACEC organizations and many state DOTs on issues related to FAR compliance, audits, and reimbursement of A/E firm costs. A/E Clarity provides training and consulting services and through a related CPA firm, D. L. Purvine, CPA, PLLC, Dan and his team perform overhead audits for clients nationwide. Dan also served as the 2015-16 Chair of the North Carolina Association of CPAs and is a former member of the AICPA Council.