Construction Audit Guide: Overview, Monitoring, and Auditing

Whether building a new office, improving real estate portfolios, or refurbishing and modernizing existing property, construction projects can present significant risks for an organization. Construction projects offer fertile ground for fraud and mismanagement. Auditors are best qualified and placed in the organization to assist in establishing construction controls and in appraising progress to mitigate project risks. Ongoing audits can provide senior executives with relevant and timely governance issues as they occur. This handbook provides a framework to make sure you address the risks for your projects. It includes the ABC's of a successful construction project, coverage of construction basics, understanding the world of contractors, and when and how to audit the project.