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01/18/2011

Seminar examines cost accounting requirements on federal contracts

What you don't know can cost you

If your company has design contracts funded with federal dollars, what you don't know about federal cost-accounting standards and cost limitations can cost you dearly.

Federal agencies are pushing state and local governments to look more closely than ever at overhead costs charged against federally funded contracts by design consultants and other contractors.  Those who violate those cost limits could find themselves facing financial penalties or, in egregious cases, criminal prosecution.

That's why ACEC Ohio is sponsoring the seminar, "Mastering the AASHTO Uniform Audit & Accounting Guide and the Federal Acquisition Regulation" in Columbus on March 3.

While the new AASHTO audit guide is intended specifically for companies that have federally funded contracts with state departments of transportation, the cost-accounting requirements set out in the guide are based directly on the Federal Acquisition Regulation and apply to virtually all federally funded design contracts awarded by a federal, state or local government agency.

The presenter of this program is Dan Purvine, vice president of finance and accounting for Kimley-Horn & Associates, Inc., one of the country's largest multi-discipline design firms.  He chairs the Audit Subcommittee of the national ACEC Transportation Committee and was deeply involved in the re-write of the AASHTO guide.

Given the critical nature of the topic and Dan Purvine's expertise, this seminar is expected to fill quickly.  Seating is limited, and this program will not be repeated, so ACEC Ohio members who want to attend are advised to register promptly.


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