NEXT WEBINAR • 04/18/2024
"Understanding the Strings Attached to Your NIH or DOE Grant"
REGISTER HEREQuick Tip: Indirect Rate Audits
May 30, 2013 / Ed Jameson / Blog Posts
The devil’s in the details – true for many things including your annual indirect rate submission. Over the past few years we’ve noticed government agency auditors routinely performing certain analytic tests to check the validity of various expenses. Vacation and incentive compensation are two line items getting such attention.
Avoid audit issues by ensuring your employee handbook and company policy and procedure manual are up to date. Reported expenses must be consistent with stated policies. Also, keep track of policy updates made throughout the year. These must be included with the rate submission.
Ready to Learn More? Speak With A Government Funding Award Expert!
Call Now: 781-862-5170 – or – Schedule A Call
Ed Jameson, CPA, Managing Partner
I’ve been in practice for over 40 years helping our small business clients procure, manage, and survive audits on more than $6 billion in federal government contract and grant funding. We’ve been featured presenters and panel moderators at Tech Connect’s National SBIR/STTR conferences since 2010, and I’ve presented at the DOD’s Mentor Protégé Summit and present regularly for several state and local organizations.
