Understanding FAR Overhead Rates and Audits graphic

Webinar: Understanding FAR Overhead Rates and Audits

July 30, 2024 1:00 pm — 2:00 pm

This webinar will begin at 1:00 pm EDT and is offered at no charge.





It’s becoming increasingly common for architectural and engineering firms to be required to have an audited overhead rate in accordance with the Federal Acquisition Regulation (FAR). These FAR audits are uniquely tailored for A/E firms and are not the same as financial statement audits.

Engaging in business with government agencies can be a profitable opportunity for a firm if you understand the complexities of working with these entities. One such complexity is the requirement of determining an overhead rate in accordance with FAR, as well as the potential for an overhead audit. While compliance can be intimidating, thoroughly understanding your overhead rate and the regulations surrounding FAR can help your firm be competitive and profitable.

In this webinar, we will:

  • Provide a basic understanding of the requirements for calculating your firm’s FAR overhead rate.
  • Offer tips for maximizing your allowable FAR overhead rate.
  • Discuss how to use the FAR overhead rate to negotiate governmental contracts most effectively.
  • Outline the fundamentals of an overhead rate audit.




Featured Presenter

Charla A. Roth, CPA, is an audit partner at Dannible & McKee and has over 22 years of experience providing audit, accounting and consulting services for a variety of clients. She specializes in working with architectural and engineering firms and has extensive experience performing Federal Acquisition Regulation (FAR) overhead audits. Charla is proficient in numerous accounting software packages, including Axium Ajera, Deltek Vision, Clearview, QuickBooks, and more.