AASHTO & FAR Audits
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FAR Audits – Wilmington (DE)
For many Wilmington and Delaware architecture and engineering firms, government and state Department of Transportation (DOT) contracts are an essential source of revenue. Since these contracts require compliance with government regulations when bidding on and performing services, a Federal Acquisition (FAR) audit is required. The audits are essential for validating the contractor’s indirect costs are properly calculated, classified, and allocated. This helps contractors to maintain eligibility for contracts, avoid non-compliance penalties, and recover costs. Whether this is your first audit or part of ongoing compliance, it is important to work with a qualified provider.
FAR Audit Experience
Brady Ware provides AASHTO and FAR audit services to companies in Wilmington and Delaware. We work closely with those subjected to AASHTO and FAR Part 31 regulations to ensure compliance with established regulations. Our team members are familiar with the nuances involved in both standards and undergo ongoing training to stay current with changing trends. This results in a comprehensive and value-added audit experience.
AASHTO/FAR Audit Services
- State DOT Acceptance: Our audits are performed to the rigorous standards of Government Auditing Standards (GAGAS) and follow the specific guidance of the AASHTO Uniform Audit & Accounting Guide. This ensures your rate is recognized and accepted by all State Departments of Transportation.
- FAR Part 31 Compliance: We provide a comprehensive review and audit of your Schedule of Indirect Costs based on the cost principles in Part 31 of the FAR. You receive the necessary Opinion Letter and certified report required to confidently submit your rate for billing.
- Strategic Cost Segregation: We perform an in-depth analysis of your direct, indirect, and unallowable costs. We find opportunities to maximize your allowable costs (like fringe benefits and facility costs) to achieve a higher, yet fully justifiable, reimbursement rate.
- Unallowable Cost Protection: Proactive identification and segregation of all unallowable expenses (e.g., entertainment, political contributions, federal taxes) to prevent audit findings. Management bears the sole responsibility for this crucial step.
Contact our Wilmington FAR Audit Professionals
Brady Ware provides AASHTO and FAR audit services to organizations in Wilmington and Delaware from our Ohio offices. If you are interested in learning how Brady Ware can help your organization maintain compliance, complete the form below. A team member will follow up with you shortly.
About the Wilmington Business Community
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Wilmington, Delaware’s business community is shaped by its long-standing role as a financial and corporate hub, anchored by a uniquely business-friendly legal and tax environment. The city is best known as the corporate home to more than half of all publicly traded U.S. companies and a majority of Fortune 500 firms, a concentration driven by the Delaware Court of Chancery and the state’s well-established body of corporate law. This legal infrastructure has made Wilmington a national center for corporate governance, mergers and acquisitions, restructuring, and fiduciary services, supporting a dense ecosystem of law firms, corporate service providers, registered agents, and compliance specialists.
Financial services remain one of Wilmington’s dominant sectors, with a strong presence of national and global banks, credit card operations, and trust and wealth management institutions. Companies such as JPMorgan Chase, Bank of America, Citi, and Barclays maintain significant operations in the region, creating a deep employment base in banking, risk management, data analytics, and back-office financial operations. This concentration has also fueled demand for professional services, including accounting, audit, cybersecurity, regulatory compliance, and advisory services tailored to highly regulated financial institutions.