Consultants review an audit report prior to a finance committee meeting

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.

Construction project audit basics: Reporting results

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. 

Key learning objectives

  • Identify the report user audience
  • Structure the report
  • Utilize a preliminary findings list
  • Resolve findings and issues
  • Deliver the audit report

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For more information on this topic, or to learn how Baker Tilly real estate specialists can help, contact our team.

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Construction project audit basics: transaction testing