There are quite a few reasons why organizations are required to certify and obtain an opinion on its overhead rate. When States receive and spend Federal Highway Funds, the consultants that receive these funds are required to be subject to audit reauirements and rules that mirror the Federal cost principles.

L.F> Harris & Associates CPA, P.A. is one of the listed cerfified public accounting firms who have been providing this specialized auditing service to FDOT contractors for over twelve years. We are thoroughly familiar with the Federal Acquisition Regulations (FAR)s and the intricate interpretations.

Also, we know that your time is better spent attending to your customer's needs. Therefore, over time, we have developed carefully planned procedures to keep the number of hours needed to perform the FDOT audit and the duration of the on-site visit to a minimum. These resulting efficiencies are reflected in our very competitive pricing.

At the time of the exit conference we provide a value added service which includes a presentation to management and a detailed discussion of the contributing factors that have influenced your overhead rate. This service is provided at no additional cost, and allows you to be well informed before negotiation with the FDOT.

L.F. Harris & Associates, CPA, P.A. utilizes various guidelines when developing specific procedures for Overhead Rate Audits. All audits are conducted in accordance with Generally Accepted Auditing Standards, and the auditing standards contained in the Government Auditing Standards issued by the Comptroller General of the United States of America. The schedule of indirect costs will be tested for compliance with the cost accounting principles established in the Federal Acquisition Regulations (FARs) more specifically FAR 31.

Throughout the year, we remain available to respond to any questions or concerns you may have regarding your overhead rate. To contact us, please call us at 407-228-0560, and speak to Jasmine Lee Guamier or Luis Harris. You may also contact us by by filling out an Information Request Form.