Transportation
Overhead Audits & Accounting
MHMC is a trusted advisor to State Departments of Transportation and A/E/C firms nationwide, providing specialized accounting, audit, and advisory services related to Federal Acquisition Regulation (FAR) compliance within the transportation contracting environment. Our professionals bring deep expertise in FAR Part 31 cost principles and the financial requirements governing federally funded transportation programs.
We work with state DOTs, engineering firms, and other industry stakeholders to evaluate indirect cost structures, strengthen accounting practices, and ensure compliance with federal and state regulatory expectations. By combining technical regulatory knowledge with extensive industry experience, MHMC helps clients navigate complex compliance requirements while maintaining transparency, accuracy, and confidence in their financial reporting.
SERVICES:
- Indirect Cost Rate Audits
- Cognizant and Non-Cognizant Reviews
- Accounting System Reviews
- Pre-Award Audits
- Interim and Final Cost Audits
- FAR Part 31 Consulting
- Investigations
- Customized Training and Technical Assistance
Transportation
Overhead Audits & Accounting
MHMC understands transportation! We have proven transportation industry experience, are technically proficient, and understand the importance of client service, and providing quality deliverables. MHMC has over two decades of experience providing compliance, consulting, audit, financial review, and fraud investigation services to various Departments of Transportation around the United States.
SERVICES:
- Indirect cost audits
- Cognizant reviews
- Accounting system reviews
- Pre-award audits
- Interim or Final cost audits
- Consulting- FAR 31
- Non-cognizant reviews
- Investigations
- Training
PROVEN EXPERIENCE:
- AASHTO Uniform Audit and Accounting Guide for Audits of Architectural and Engineering (A/E) Consulting Firms, including
- AASHTO CPA Work Paper Review program;
- Federal Highway Administration (FHWA) policies (http://www.fhwa.dot.gov/programadmin/consultant.cfm);
- Applicable Government Accountability Office (GAO) decisions;
- Government Auditing Standards (Yellow Book);
- American Institute of Certified Public Accountants (AICPA) guidance; and
- The Generally Accepted Government Auditing Standards (GAGAS).
