CORFUND2608. Fundamentals of Construction Auditing

This course will provide an introduction to construction company audits, including planning considerations, risk assessment, and auditing procedures specific to the construction industry. We will also discuss common contractor-specific audit focus areas, including contract estimates, work in progress, and financial statement reporting considerations.

Learning Objectives:

• Identify the construction-specific areas that drive audit risk
• Recognize how contract estimates, WIP, and job performance affect the audit
• Recall the planning considerations and procedures commonly used in contractor audits
• Distinguish how a construction audit differs from lower-assurance services