Indirect rate calculations/Incurred Cost Submissions
- Details
- Published on Friday, 30 October 2009 14:53
CASE STUDY: A publicly traded management consulting firm that provides services to State, Local and Federal governments held multiple types of government contracts under which indirect rates were used.
As a result of SOX requirements, this firm was required to restate some of its financial information for certain fiscal years.
This, in turn required the firm to also recalculate its indirect cost rates. Our consultants assisted the company by calculating the new indirect rates based upon the updated financial information.
The calculation involved a review of the company's fiscal year financial statements and general ledger trial balance, meetings with management to determine the nature of certain types of costs and determination of unallowable costs in accordance with government regulations.
Through our assistance, the company was able to present its actual, updated rates to its customer as required.
1994 Millwood Rd.
PO Box 356
Millwood, VA.
22640, USA
Toll free phone number:
877-
