AASHTO Overhead Rate Audits:

Architectural and engineering (A/E) firms face unique compliance requirements to various regulatory authorities. Many government agencies including state departments of transportation require detailed presentation of A/E firms’ overhead rates in accordance with Federal Acquisition Regulation (FAR) Part 31. These agencies frequently request that overhead rate reports are also externally audited by a CPA.

The American Association of State Highway and Transportation Officials (AASHTO) provides guidelines for these overhead rate audits, which differ from traditional financial statement audit engagements. In addition to compliance with Generally Accepted Government Audit Standards (“GAGAS”), these overhead rate audits require the engaged CPA firm to possess a deep understanding of FAR Part 31 and Cost Accounting Standards (CAS).

Along with conventional tax and assurance services, MillerMusmar CPAs boasts 30 years of experience providing advisory services to government contractors, including ten years of providing AASHTO-compliant overhead rate audits. Our specialized team is equipped with expertise to provide clients with the tools necessary to ensure conformance with applicable regulations.

We aim to equip our A/E firms with the fundamental capabilities required to achieve and maintain their target projects within governmental and commercial realms.

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