Auditing Construction Contractors ON DEMAND
Available Until
Your Desk
3.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
Construction contractors present significant auditing challenges, since they rely extensively on estimates to derive their reported revenue and profit figures. In the Auditing Construction Contractors course, we examine how the auditor can navigate these challenges by delving into contractor controls, as well as audit procedures that are specific to the industry. This construction auditing CPE course focuses on the auditing of contractor estimates and the use of specialists to assist in this effort.
Highlights
Areas of audit interest. Audit planning. Understand the contractor and its environment. Understanding audit risk. Understanding contractor controls. Materiality. Audit procedures specific to contractors. Auditing contractor estimates. Developing audit documentation.
Prerequisites
None.
Designed For
CPAs, CFPs, financial advisers, auditors, and other accounting professionals.
Objectives
Recognize why an audit strategy is needed, and what it controls. Identify the issues associated with the environment in which a construction contractor operates. Specify the risk assessment steps associated with the audit of a contractor. Recognize when a contractor’s internal audit function can be used by the auditor. Identify how an auditor can reduce the audit risk for a construction contractor audit. Specify the accounting controls that a construction contractor might use, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00