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Construction and Real Estate Accounting and Consulting 

Construction audit webinar

Construction projects are highly visible, complex undertakings requiring significant financial commitments. Whether you’re spending public or private funds for your construction project, these webinars can help ensure your initiative isn’t costing more than it should.

This variety of topics provides you an overview of the construction contracting process, offers industry insight, and delivers the tools necessary to get you started. 
 

Recent webinar recording
Auditing construction contract change orders

 

 

Webinar Topics:

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Understanding construction contract controls and construction audit best practices
Construction contract fundamentals
Construction contract fundamentals
How internal audit can successfully participate in pre-construction planning activities to help mitigate financial, operational, and compliance risk. A review of the construction lifecycle and responsibilities.

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 Construction financial controls and contract compliance
Construction financial controls and contract compliance
How internal audit can successfully participate in pre-construction planning activities to help mitigate financial, operational, and compliance risk. A review of the construction lifecycle and responsibilities.

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Post-construction auditing
Post-construction auditing and fraud detection
Assist in detecting potentially fraudulent, wasteful, or abusive construction practices while strengthening your organization’s internal control environment.

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 Performing construction contract risk analysis
Performing construction contract risk analysis
Analyze a contract for project risk and learn how to develop a risk mitigation plan. Case study review of Guarantee Maximum Price, Stipulated Sum, and Unit Priced contracts.

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Best Practices for Preventing Budget Creep
Best practices for preventing budget scope creep
Decompose each type of change order and soft costs, how they impact the project budget, and how to develop audit steps to verify contract compliance or document owner credits.

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 Direct Construction Cost Audit Toolbox
Direct construction cost audit toolbox
Tools and resources for auditing direct construction costs. Case studies from real construction projects to apply the auditor’s toolbox and demonstrate the value of auditing direct construction costs.

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Mitigate construction project risk
Mitigate construction project risk with construction insurance programs
Learn ways to mitigate your construction project risk with insurance projects first-hand from Tim Cleary, Construction & Real Estate Practice Lead of M3 Insurance Solutions for Business.

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 Auditing unit priced construction contracts
Auditing unit priced construction contracts
Assess a unit priced construction contract for project risk and develop an audit program for unit priced projects.

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Auditing engineer-procure-construct
Auditing Engineer-Procure-Construct (EPC) projects
Analyze an EPC contract for risk and plan to audit EPC projects.

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 Auditing construction contract change orders
Auditing construction contract change orders
Learn how to decompose change orders to expose the underlying pricing strategies and the financial risk associated with each change order.

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NEW!
Subcontractor default insurance
Gain an understanding of the market conditions leading to subcontractor default, the impact on projects, and strategies to mitigate the consequences of subcontractor default.

Wednesday, June 5, 2013
12:00 – 1:00 p.m. Central
  

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Contact our construction and real estate services team >