Construction project audits are requested by and discussed with audit committees on a regular basis. Managing the risk of a multimillion dollar capital investment is not only prudent but necessary to protect an institution’s capital investment. After more than twenty topics in our series, we are revisiting the fundamentals key to a strong construction audit program.
With all of the testing complete, observations are documented and there is a list of preliminary findings. The reporting process extends beyond compiling results into standard format. In our third webinar of this series, we reviewed the process for building consensus around the findings, setting a positive tone in the report, and writing for the target audience.
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