- NY Credits : 7.0
- TX Credits : 7.0
This interactive self-study course takes a look at two topics that may apply to a practitioner's construction contractor engagements. Lesson 1 examines construction contracts, including discussion of contract documents, the different types of construction contracts, important clauses in such contracts, and how to obtain contract bonds. Lesson 2 discusses issues related to audits of construction con- tractors, including audit programs, audit procedures, and concluding the audit.
Course Expiration Date: July 31, 2021
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Identify the different types of construction contracts.
Recognize how construction contractors obtain contract bonds.
Recognize the appropriate organization and structure for a detailed audit plan for the audit of a construction contractor.
Assess issues related to contract billings and cost-related accounts that might be discovered during the audit of a construction contractor.
Identify appropriate audit wrap-up procedures for a construction contractor audit engagement.
Identify communications that may need to be made when auditing a construction contractor.
Determine the best methods for dealing with audit workpapers and related documentation, drafting the financial statements and auditor's report.
Lesson 1—Construction Contracts
Lesson 2—Audit Programs and Procedures, and Concluding the Audit