Misclassifying unallowable costs can lead to overstated overhead rates, audit findings, disallowed costs and increased scrutiny from government agencies. Understanding what can and cannot be included in your indirect cost rate is essential for maintaining FAR Part 31 compliance and protecting your firm’s reputation.
In this webinar, we’ll break down the most common allowable and unallowable costs under FAR Part 31, explain how to properly classify expenses, and discuss best practices for documenting and tracking costs throughout the year. You’ll gain practical guidance to help reduce compliance risk, strengthen your overhead schedule and prepare your firm for a successful FAR audit.
In this webinar, you will learn:
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For questions or assistance with registration, please call 315.472.9127 or email DMAssociates@dmconsulting.com.
Charla A. Roth, CPA, is principal at DM Consulting Group, with over 23 years of experience serving architecture and engineering (A/E) firms. She specializes in helping clients improve financial performance, increase profitability and strengthen the value of their business. Charla has extensive expertise in interpreting and analyzing A/E financial statements and key performance metrics to drive strategic decision-making. She is also highly experienced in FAR compliance, overhead rate audits and government contracting, including overseeing audit services for the New York State Department of Transportation (NYSDOT).
Ryan R. Delao, CPA, is a senior associate with the firm and has more than eight years of experience supporting the firm’s business valuation and ownership transition consulting practice. He also provides audit, review, compilation and consulting services for clients in the architectural and engineering industry, including audits of employee benefit plans and preparation of financial statements. In addition, Ryan assists clients with overhead rate compliance and related matters under the Federal Acquisition Regulations (FAR).
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