The answers are provided by us and are not meant to be Kentucky Transportation Cabinet policy. These answers are provided to help auditees prepare for our presence in their office during an audit and to aid consultants in submitting overhead rates in accordance with the Federal Acquisition Regulations and Kentucky Administrative Regulations. Each auditor will need sufficient space to enable them to examine ledgers, spreadsheets, etc. without being cramped. The auditors need to be in the same area so discussions may occur. Each auditor needs electrical outlets so computers and printers may be used.
Most companies provide a conference room.
List of bonuses received by individual employees and date paid. It is not required, however we may be able to use an overhead submission prepared by a CPA to limit the amount of work we need to do at the consultant's office. If we have worked with the CPA previously and have found the work to be satisfactorily, we may be able to accept the CPA audit as presented. No final cost objective shall have allocated to it as a direct cost any cost, if other costs incurred for the same purpose in like circumstances have been included in any indirect cost pool to be allocated to that or any other final cost objective. Costs identified specifically with the contract are direct costs of the contract and are to be charged directly to the contract.