Attention Firms that Contract with State DOT Clients:
The American Association of State Highway and Transportation Officials (AASHTO) released its newly revised version of its Uniform Audit & Accounting Guide for audits of A/E firms. State DOTs will be relying on the revised Guide as a tool for auditing and reporting procedures for A/E firms and their CPAs, including compliance with the Federal Acquisition Regulation.
The American Council of Engineering Companies (ACEC) will offer Key Changes to the AASHTO Audit Guide: What It Means for Your Firm, a webinar led by members of the ACEC task force who reviewed and provided industry input on the modifications. This session, to be held 1:30 p.m. – 3:00 p.m. Tuesday, March 8, will provide essential insights into how the changes will impact firms that work for State DOT clients. Such as:
- Compensation review and elements of compensation
- Treatment of the different types of bonus and incentive plans
- State and local cost principles
- Cost accounting for labor allocation methods
- Field office rates
Who should attend?
Familiarity with the Audit Guide is essential for any firm who contracts with state and local transportation agencies, and CPAs performing audits for A/E firms.
Click here for registration information.