Case Study

Cherry Bekaert Assists Large Transportation Group with State Audits

calendar iconApril 15, 2019


A large transportation group performs on contracts for approximately 30 state transportation departments. The company wanted help with performing audits in accordance with various standards and organizational provisions.

Cherry Bekaert’s Guidance

Cherry Bekaert audited the Report on Consolidated Statement of Direct Labor, Fringe Benefits, and General Overhead for the General Overhead Cost Pool and Project Specific Cost Pool, in accordance with the Federal Acquisition Regulation (FAR). The audits were performed in accordance with Generally Accepted Accounting Principles (GAAP) and AICPA professional Standards ; Generally Accepted Government Auditing Standards; Code of Federal Regulations, Title 48, Federal Acquisition Regulation (FAR), Part 31; and Association of State Highway and Transportation Officials (AASHTO) Uniform Audit & Accounting Guide (AASHTO Audit Guide).


The audit procedures, workpapers, and reports reflect the guidance in the most current AASHTO Audit Guide. Cherry Bekaert facilitated the review of audit workpapers by state departments of transportation and the District of Columbia Department of Transportation and/or its designee for purposes of issuance of a cognizant letter of concurrence with the audit report issued.