If your business works on government contracts, you may need to have an independent audit done in accordance with the Federal Acquisition Regulation (FAR). This is required by some states’ Department of Transportation (DOT) to ensure overhead rates are properly calculated within the required guidelines.  Or if an audit is not required, we can assist you in calculating your overhead rate under FAR Part 31.

We have decades of experience and a clear understanding of audit requirements. Our FAR audit procedures are designed to be efficient and thorough to meet regulatory requirements. 

FAR services: 

• Audit
• Accounting
  • Calculate an overhead rate under FAR Part 31
  • Review historical FAR overhead rates and compare them to industry standards
  • Analyze cost structure, accounting systems, and negotiated contracts to maximize allowable FAR overhead rates.