Testing of Labor Costing and Compensation in an Indirect Cost Rate Audit

Teacher

Dan Purvine

Category

Uncategorized

$199.00

CPE Credits: 2

Cost: $199

Knowledge Level: Basic

Pre-requisites/required knowledge: None

Overview Description: Join us for this 2-hour webinar in which instructor Dan Purvine will discuss important issues in A/E firm labor costing and compensation that A/E firms must address in developing their overhead rate and CPA firms must examine in the performance of indirect cost rate audits. Topics addressed include the evaluation of compensation allowability and reasonableness under FAR Part 31, and the recommended audit testing and supporting documentation for allowability of bonus costs. Dan will discuss key considerations for the evaluation of executive compensation reasonableness using the National Compensation Matrix or compensation surveys. Topics will include the proper accounting for overtime premium and uncompensated overtime, as well as recommended disclosures for labor costing and compensation. The webinar will be followed by a 10-question quiz that must be passed at a 70% rate for a Certificate of Completion.

Important Topics: FAR requirements and audit testing of compensation allowability, FAR requirements and audit testing of compensation reasonableness, labor costing issues and related testing, recommended disclosures for labor costing and compensation

Learning outcomes:

Describe key risk areas related to allowability of compensation,
explain how to identify common unallowable compensation costs,
discuss recommended procedures to test bonus allowability,
describe the process for analyzing executive compensation using the National Compensation Matrix or surveys,
explain accounting requirements and recommended audit testing for paid and uncompensated overtime,
list recommended disclosures.

Intended Audience: A/E firm accounting staff, state and local government agency auditors, and CPA firm staff

Instructor: Dan Purvine

Most recent revision or review date: February 2025

Course expiration date: 30 days from the date of purchase

Delivery method: Online self-study

Refund/cancellation policy: Online courses cannot be refunded, however in the case of errors in the purchase / registration process, such as a course purchased in error, incorrect participant name used, etc., we will gladly work with the purchaser to resolve the error. Please contact dan@aeclarity.com with any payment issues or questions.

Complaint resolution policy: For any issues related to this training, please contact dan@aeclarity.com

Course Features

Lectures 5
Quizzes 1
Duration 120 days
Skill level All levels
Language English
Students 56
Certificate Yes
Assessments Self

Curriculum

1 Section
5 Lessons
120 Days

Expand all sectionsCollapse all sections

Curriculum
6

Dan Purvine

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 26 years of experience in the A/E industry, including 14 years 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.

Reporting and Disclosure for A/E Firm Indirect Cost Rate Audits

Teacher

Dan Purvine

Students

CPE Credits: 1 Knowledge Level: Intermediate Pre-requisites: No prerequisite courses; however, an overall understanding of A/E firm indirect cost rate audits is required Delivery...

Dan Purvine

Students

$99.00

Home and Field Overhead Rates for A/E Firms

Teacher

Dan Purvine

Students

CPE Credits: 1 Knowledge Level: Intermediate Pre-requisites: No prerequisite courses; however, a general understanding of overhead rates for A/E firms is required Delivery method:...

Dan Purvine

Students

$99.00

Course

Testing of Labor Costing and Compensation in an Indirect Cost Rate Audit

Course Features

Curriculum

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