- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Construction Contractors - Course 1 - Construction Contracts, Audit Programs and Procedures, and Concluding the Audit (CONTG171)
Identify the contract documents, the different types of contracts, and the important clauses that may appear in construction contracts.
Recognize how construction contractors obtain contract bonds and the effects of this process on a contractor’s business.
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 and how the auditor should approach job site visits.
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, group financial statement audits, supplementary information, and internal auditors.
Lesson 1—Construction Contracts
Lesson 2—Audit Programs and Procedures, and Concluding the Audit