The External Audit Branch performs audits of overhead rates, consultant
contracts, utility/railroad companies and miscellaneous audits as requested. The
audits are performed in accordance with Generally Accepted Governmental Auditing
Standards (GAGAS) as well as the AASHTO Uniform Audit and Accounting Guide.
Indirect Cost Rate
Submissions
Per
600
KAR 6:040 Section 3 (1) (b), all consultants pre-qualified to perform work
for the Kentucky Transportation Cabinet must submit an indirect cost rate
package to the External Audit Branch within 5 months of the consultant's fiscal
year end. The indirect cost rate package must include:
- Schedule of Indirect Costs for the audit period
- Schedule of Employees, Pay Rates, and Job Classifications for the current
year
- Payroll register for the current year
- Detailed general ledger for the audit period
- Audited financial statements or a financial statement certified as accurate
by an officer of the company
- Certification of final indirect cost; and
- AASHTO Internal Control Questionnaire for Consulting Engineers (including
attachments)
Circulars and Other News:
Circular 2020-12 update.pdf
Current Audit Plan
Firms Selected for Audit-2021.docx
