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Time for a Tune Up?

08/08/2018 - 11:30am

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Summer is going by fast, and I hope all of you are getting a chance to take a break, go on vacation, and spend time with family and friends. 

This is also the time of year when many of you are going through the annual review of your overhead rate by one or more state DOTs. 

Supporting a Successful Overhead Rate Audit in 2018

12/21/2017 - 8:09am

Today's blog is geared toward audit clients of D. L. Purvine, CPA, PLLC. We'd like to take the opportunity to bring you information on current events and ideas that will help you to better understand FAR, improve your processes, and be more prepared for a smooth overhead rate audit.  If there are topics that you would like to see highlighted in future issues, please let us know!

The DOT Overhead Rate Review Process

09/05/2017 - 1:05pm

If your firm has a calendar year-end, you’ve probably recently received approval of your overhead rate from the DOTs who are responsible for reviewing your rate. 

2017 AASHTO Audit Conference

05/02/2017 - 3:35pm

Greetings from the road!  I’m here in Washington, DC at the ACEC convention, and there is a lot of buzz about infrastructure funding and other important issues affecting our industry. 

Regardless of your role or political affiliation, one thing is clear – we can expect a lot of changes over the next few years. 

The 2017 National Compensation Matrix is Now Available!

03/28/2017 - 2:58pm

The 2017 National Compensation Matrix (NCM) is now available for use in evaluating 2016 executive compensation costs.

You won’t find a lot of surprises this year; in odd-numbered years, the NCM is updated by applying an escalation factor based on a national survey reporting trends in compensation costs. That escalation factor was 3.0%, consistent with prior years. No other changes were made to the NCM; all of the compensation levels for each position were escalated by this 3.0% factor.

2016 AASHTO Audit Guide Now Available!

07/15/2016 - 9:33am

After more than two years of work, the revised AASHTO Audit Guide is now available for download.

2016 National Compensation Matrix is Now Available

03/02/2016 - 9:20am

For those of you who use the National Compensation Matrix, you may be happy to hear that the new 2016 NCM is now available. 

You can access it through the Resources page of our website, at www.aeclarity.com/Resources.  The 2016 NCM should be used to evaluate the reasonableness of executive compensation amounts for 2015 indirect cost rates.

AASHTO Audit Guide Revisions Near Completion

11/04/2015 - 11:48am

As you know, the AASHTO Uniform Audit & Accounting Guide is a resource used extensively by A/E firms, CPA firms, and state DOTs to provide clarification of underlying regulations such as FAR Part 31 and to establish expectations for the development of indirect cost rates. A group of us which includes representatives from ACEC, AASHTO, and FHWA have been working on updates to the Audit Guide for over a year, and revisions are near completion. We expect the final draft of the revised Audit Guide to be posted to the AASHTO website by early December.

The Cost of Compliance – Part 2

04/23/2015 - 9:45am

In our last newsletter, we talked about some of the internal activities an A/E firm should perform to support their FAR compliance and development of an accurate overhead rate. These activities include developing the necessary policies and procedures, performing monthly reconciliations, reviewing costs for FAR compliance both as they are incurred and periodically throughout the year, and preparing an analysis of executive compensation.

2015 National Compensation Matrix

02/19/2015 - 10:43am

The 2015 National Compensation Matrix (NCM) is now available for use!

The 2015 NCM is applicable for evaluation of executive compensation incurred during 2014. The NCM is updated in odd-numbered years by applying an escalation factor to the previous year’s data. In even-numbered years, it is updated by compiling the results of new compensation survey data.
The escalation factor applied is based on a published survey which has been used consistently since the NCM’s inception in 2012. For the 2015 NCM, the escalation factor was 3.0%.

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Current Developments in A/E Firm Indirect Cost Rates

Oct 1 2018 - 8:00am to Oct 2 2018 - 4:30pm
4701 Northshore Drive North Little Rock, AR 72118

Join us for this timely and informative course where instructor Dan Purvine will teach you the latest developments in key areas affecting A/E firm indirect cost rates. Using a practical and interactive approach, he will cover the information you need to know to develop a FAR-compliant indirect cost rate and to meet the necessary requirements to achieve state DOT approval of that rate.

Current Developments in A/E Firm Indirect Cost Rates

Oct 4 2018 - 8:30am to Oct 5 2018 - 4:30pm
612 Clarion Court, San Luis Obispo, CA 93401

Join us for this timely and informative course where instructor Dan Purvine will teach you the latest developments in key areas affecting A/E firm indirect cost rates. Using a practical and interactive approach, he will cover the information needed to develop a FAR-compliant indirect cost rate and meet the necessary requirements to achieve state DOT approval of that rate.