GovCon Wednesdays Estimated Read Time: 5 minutes If timekeeping is where audits start, indirect rates are where audits often expand. Why? Because indirect rates (Fringe, Overhead, G&A) touch nearly every dollar you bill on cost-type work—and they directly influence provisional billing, final indirect cost rate negotiations, and contract closeout. FAR makes it clear that final indirect cost rates are formally established through contracting officer or auditor procedures. This post breaks down what DCAA commonly evaluates… Read More
Accounting Blog | Fairfax VA CPA firm