Key Issues in FAR Overhead Rates 2018Name: Key Issues in FAR Overhead Rates 2018Date: November 27, 2018Time: 8:30 AM - 4:30 PM ESTRegistration: Register NowEvent Description:
Presented by Dan Purvine, A/E Clarity Consulting and Training, LLC
Join us for this fast-paced course where instructor Dan Purvine will cover some of the most critical issues you need to address to develop an accurate indirect cost rate for your A/E firm or to perform a successful indirect cost rate audit. Packed with practical examples you can use in your firm, this one-day course utilizes a hands-on, solutions-based approach to examine some of the most challenging cost areas and FAR interpretation issues faced by A/E firms and CPA firms in developing or auditing indirect cost rates.
Topics will include the proper treatment of vehicle and equipment costs, including accounting for consultant leased and owned vehicles, and proper segregation of costs. Participants will learn how to develop compensation policies that support FAR compliance, and how to evaluate executive compensation for allowability and reasonableness. The course includes an examination of documentation and audit requirements for related party transactions, a discussion of current events affecting state DOT audits and contracting, and an in-depth review of FAR requirements for allowability of selected areas of cost. This course will be beneficial to A/E firms and CPA firms who are involved in developing or auditing indirect cost rates or maintaining internal controls and systems that support the development of such rates.
Dan Purvine is the President of A/E Clarity Consulting and Training, a firm that specializes in helping A/E firms to navigate the complex rules and regulations applicable to state, federal, and local agency contracts. Dan brings to this role over 14 years of experience in the A/E industry as the Vice President of Finance and Accounting for a large engineering firm. Dan has been providing A/E industry training through A/E Clarity since 2012 and has trained thousands of people in architecture and engineering firms, CPA firms and public agencies. Dan is the former chair of the American Council of Engineering Companies (ACEC) National Audit Subcommittee and continues to work closely with FHWA and AASHTO in his consulting role with ACEC to achieve uniform application of FAR Part 31 and the AASHTO Audit Guide, and to better address the needs of A/E firms nationwide. He has been heavily involved in the development of the AASHTO Audit Guide and the National Compensation Matrix, and works closely with the AASHTO Audit Guide Taskforce to continually improve the Guide as a tool for A/E firms, State DOTs, and CPAs. Dan works closely with ACEC California and Caltrans on issues related to FAR compliance, audits, and reimbursement of A/E firm costs.
A/E Clarity provides training and consulting services and through a related CPA firm, D. L. Purvine, CPA, PLLC, Dan and his team perform overhead audits for clients nationwide. Dan also served as the 2015-16 Chair of the North Carolina Association of CPAs and is a member of the AICPA Council.