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Please submit all information electronically to MDOT-ServicePrequal Michigan.gov. NOTE All references in the Financial Prequalification Questionnaire to AASHTO Guide pertain to the 2012 Edition of the AASHTO Uniform Audit Accounting Guide. MDOT Financial Prequalification Questionnaire For Audited Indirect Cost Rates INSTRUCTIONS 1. All questions/items on the Financial Prequalification Questionnaire FPQ must be completed accurately thoroughly and completely. 3. The FPQ requests various written...
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01
Gather all necessary documentation related to your indirect costs
02
Review the instructions provided by the auditing agency
03
Prepare a schedule or worksheet to track your indirect costs
04
Ensure that all costs are properly classified and allocated
05
Compile all supporting evidence for each cost category
06
Complete the required forms or templates specified by the auditing agency
07
Double-check all calculations and ensure accuracy of the information provided
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Who needs for audited indirect cost?

01
Organizations or companies that receive government funding or grants
02
Entities subject to compliance regulations requiring audits of indirect costs
03
Non-profit organizations that provide services funded by government agencies
04
Companies participating in contracts or agreements that stipulate auditing of indirect costs
05
Any organization seeking transparency and accountability in its financial operations
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Audited indirect cost is the expenses incurred by an organization that cannot be easily traced back to a specific project or activity.
Organizations receiving federal funding or grants may be required to file for audited indirect cost.
To fill out for audited indirect cost, organizations must gather all relevant financial information and follow the guidelines provided by the funding agency.
The purpose of audited indirect cost is to ensure that federal funds are being used appropriately and in compliance with regulations.
Information such as overhead costs, administrative expenses, and other indirect costs must be reported on audited indirect cost forms.
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