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Key Issues in FAR Overhead Rates 2018

Nov 27 2018 - 8:30am to 4:30pm
8600 Mayland Drive, Richmond, VA 23294

Presented by A/E Clarity Consulting and Training, LLC
Offered in cooperation with the American Council of Engineering Companies of Virginia

Join us for this fast-paced course where instructor Dan Purvine will cover key issues you need to know to develop a FAR compliant overhead rate for your A/E firm or to perform a successful overhead rate audit.  Updated for 2018, this one-day course uses a hands-on, solutions-based approach to examine some of the most challenging issues faced by A/E firms and CPA firms in developing or auditing indirect cost rates.  The course will begin with a discussion of the fundamental requirements for A/E firms to develop their overhead rate in accordance with FAR Part 31 and the best practices detailed in the 2016 AASHTO Audit Guide.  Topics will include a detailed review of FAR requirements for allowability and reasonableness of costs.  Participants will learn how to develop policies and procedures that support FAR compliance, and how to address high risk areas that are commonly questioned in state DOT reviews.  The course includes an discussion of the indirect cost rate audit process, including expected audit testing, documentation, and steps that A/E firms can take to facilitate the audit process and avoid questioned costs.  This course will be beneficial to A/E firms and CPA firms who are involved in developing or auditing indirect cost rates or maintaining internal controls and systems that support the development of such rates.

This training is open to ACEC member firms (any state) and their CPA firms. Lunch, coffee, and snacks will be provided.

CPE Credits: 8

Cost: $350


Time for a Tune Up?

08/08/2018 - 11:30am


Summer is going by fast, and I hope all of you are getting a chance to take a break, go on vacation, and spend time with family and friends. 

This is also the time of year when many of you are going through the annual review of your overhead rate by one or more state DOTs. 

Supporting a Successful Overhead Rate Audit in 2018

12/21/2017 - 8:09am

Today's blog is geared toward audit clients of D. L. Purvine, CPA, PLLC. We'd like to take the opportunity to bring you information on current events and ideas that will help you to better understand FAR, improve your processes, and be more prepared for a smooth overhead rate audit.  If there are topics that you would like to see highlighted in future issues, please let us know!