Understanding Overhead Rate Basics
Date & Time
Tuesday, October 11, 2022, 12:00 PM - 1:00 PM
Scott Duda Brynn McNeil Mandy Grivnovics, CPA

Doing business with the federal or state government can be very enticing and lucrative, especially in light of the volume created by the recently passed Infrastructure Bill. There are unique requirements that firms should be aware of prior to pursuing these opportunities. The discussion will cover system and documentation requirements, allowable and unallowable costs, identifying direct and indirect costs, travel expense do’s and don’ts, internal controls related to executive compensation, bonuses, etc. and what to expect from an auditor associated with sampling methodology and error extrapolation.

Learning Objectives:

  • Determine whether existing systems, reporting, and controls support pursuit of government contracts
  • Learn best practices for documentation of allowable and unallowable expenses
  • Learn how best to prepare yourself for an overhead rate audit

CPE Accreditation:
Delivery Method | Group Internet Based
Recommended CPE Credit | Up to 1 CPE, pending approval
Recommended Field(s) of Study | Auditing (Governmental)
Recommended CPE Category | Technical Expertise/Problem Solving
Prerequisites | None
Program Level | Basic
Advanced Preparation | None

Virtual Session Link
Session Type
Session Type
Architecture and Engineering Firms Specific Sessions