Compliance Without Compromise Specializing in FAR Audits and Overhead Rate Optimization Consulting Services

Our Services

FAR Overhead Audits

Our firm specializes in Federal Acquisition Regulation (FAR) overhead audits for engineering firms, contractors, and consultants working with state DOTs and other government agencies. We understand the complexity of AASHTO Uniform Audit & Accounting Guide requirements and the scrutiny your indirect cost rate will face.

Our FAR audit services include:

  • Independent audits of overhead rates in compliance with FAR Part 31

  • Application of the 2024 AASHTO Audit Guide standards

  • Testing of labor, timesheets, and indirect expenses for allowability and allocability

  • Preparation of audited overhead schedules and supporting documentation for DOT submission

  • Consulting to help firms strengthen internal controls and cost tracking

With Lopez & Javid, you receive peer-reviewed audit quality that helps you secure approval of your indirect cost rates — so you can focus on winning projects, not worrying about compliance.

Overhead Rate Optimization

We go beyond compliance by helping engineering and professional service firms optimize their overhead rates under the Federal Acquisition Regulation (FAR). Our team analyzes your cost structure, identifies allowable versus unallowable costs, and advises on strategies that improve your indirect cost recovery while maintaining full audit defensibility. The result: higher profitability, stronger competitive positioning on contracts, and peace of mind knowing your rates will stand up under government scrutiny.

Audits, Reviews & Compilations for Construction Contractors

We also provide traditional financial statement services tailored to the needs of construction contractors. Whether your bonding company, bank, or stakeholders require assurance, our team delivers clear, accurate financial reporting that reflects the unique aspects of the construction industry.

Our services include:

  • Audits – Comprehensive, GAAP-compliant financial statement audits that provide the highest level of assurance.

  • Reviews – Analytical and inquiry-based reviews, offering moderate assurance at a lower cost.

  • Compilations – Presentation of financial statements without audit or review assurance, ideal for management use and internal planning.

We understand the challenges construction contractors face — from percentage-of-completion revenue recognition to work-in-progress schedules and bonding requirements. Our industry-specific expertise ensures your financials are not just compliant, but meaningful for decision-makers.

Client Testimonials

“We have been working with Bob Javid since 2011 when my firm, CTS Engineering, Inc. was established. Bob’s knowledge, professionalism, patience and reasonable cost have been invaluable. He’s always done an impeccable job when it comes to governmental audit and understanding the consultant business; but one of the best things he offers is the added comfort that he’s truly invested in our success and future.”

Sheng Yang, President

CTS Engineering, Inc.

“Federal Acquisition Regulation (FAR) audits are complicated and time consuming.  Lopez & Javid, CPAs helped our organization streamline the audit process and save time.  Their knowledge on the FAR requirements is second to none and they are always available to answer any questions we had.   I highly recommend Lopez & Javid CPAs for any FAR audit needs you may have”.

Chad Manning, CFO

RMA Engineering

“Moving our audit services over to Bob Javid and Nick Lopez has proved to be one of our most important administrative moves.  Their responsiveness and insights on how to better organize our accounting and financial strategies have proved invaluable.  They are true professionals.”

Art Perez, President

Pinnacle Consulting Enterprises, Inc.