Webinar: Understanding FAR Overhead Rates and Audits
This webinar will begin at 10:00 am EDT and is offered at no charge.
More and more architecture and engineering (A/E) firms are finding that an audited overhead rate, in accordance with the Federal Acquisition Regulation (FAR), is becoming a prerequisite for working with government agencies. Unlike traditional financial statement audits, FAR audits are highly specialized and tailored to the unique cost structures of A/E firms.
While compliance may seem overwhelming, gaining clarity on how to calculate and support your FAR overhead rate can position your firm to win more work, negotiate more effectively and maintain profitability. In this webinar, we’ll explore how A/E firms can successfully navigate the complexities of government contracting by understanding and complying with FAR.
In this webinar, we will:
- Explain the basic requirements for calculating your firm’s FAR-compliant overhead rate
- Offer tips for maximizing your allowable FAR overhead rate
- Discuss how to leverage your overhead rate in negotiating governmental contracts
- Outline the key components and expectations of a FAR overhead audit
FEATURED PRESENTERS
Charla A. Roth, CPA, is an audit partner at Dannible & McKee and has over 23 years of experience providing audit, accounting and consulting services for a variety of clients. She specializes in working with A/E firms, helping clients maximize profitability, enhance business value and navigate industry-specific financial challenges. Charla has deep expertise in FAR compliance and overhead audits, and she oversees the audit services provided to the New York State Department of Transportation (NYSDOT) for contract closeouts of consulting firms. Charla works closely with clients to help them navigate the complexities of government contracting and ensure their FAR overhead rates are accurate, well-supported and strategically positioned for growth.
Ryan R. Delao, CPA, is an audit senior manager at the firm with six years of experience providing audit, review, compilation and consulting services to a diverse range of clients. He specializes in serving A/E firms, with a strong focus on overhead rate compliance and reporting in accordance with the Federal Acquisition Regulation.