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myCPE

Master Auditing Construction Capital Projects (CCP)

Master the key aspects of Auditing for Construction Business

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Last Updated

October, 2024

CRMA, CPA/CFF, CFE
26 Hours 
On Demand
Included with Subscription

Why Professionals Trust Our Advance Certification Programs

  • Access to cutting-edge industry knowledge and practices.
  • Comprehensive training designed to meet professional needs.
  • Fulfill compliance requirements while acquiring valuable skills.
  • Ongoing updates to course content for relevant industry trends.
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What You’ll learn

With construction activity increasing and significant changes to the key accounting & auditing aspects, it is more important than ever to be on top of the very latest auditing changes for the construction industry. Offering numerous advantages such as specialized practice areas, and efficient application, this course examines key issues that impact the effectiveness of construction auditing results.

Get Deeper Understanding of:

  • The importance of insurance and possible risk drivers for the Construction Business.
  • Using data analytics to monitor construction projects for fraud or failure.
  • The trends in construction fraud, and the importance of maintaining ESG.
  • Automating the monthly reporting process and using it to your advantage.
  • Best practices to ensure projects are graded on an even basis.

Recommended For:

  • This specialized certification course is aimed at supporting professionals such as CPAs, CFF, CFE, CGFM, other Accounting and Audit practitioners, and professionals involved in construction project management who want to provide better auditing results.
  • It is also recommended for professionals who target auditing positions in the construction industry.
  • It can also support the requirements of correctly understanding the industry and practices of auditing for students, business owners, consultants, and practitioners who want to support their knowledge about auditing in the construction industry.

Why Become a Master Auditing Construction Capital Projects Professional with myCPE?

Resources included

  • Handout PDFs for every Module
  • Glossary/Key Terms for every Module
  • Q&A directly with instructors.

Career Opportunities

  • Audit Consultant (Construction)
  • Manager Risk & Internal Control (Construction)
  • Audit Specialist - Construction Business
  • Construction Audit Analyst
  • Business and Construction Financial Controller
  • Audit Senior Associate - (Construction)

Value Addition to your skills

  • Analytical skills
  • Attention to detail
  • Critical thinking skills
  • Problem-solving skills
  • Commercial awareness
  • Project Management skills

Courses

Course Title Time
1. Construction Audit Primer and Basics
2 Hours
  • To discuss the phases of the construction life cycle and analyze what each project needs and who each of the players is.
  • To discuss the flow of the construction payment cycle.
  • To discuss project & vendor risk and analyze audit planning and risk assessment.
2. Understanding Construction Contracts
2.5 Hours
  • To identify different types of construction contracts.
  • To analyze strategies to determine if you are using the right type of contract and why legal sign-off may not be good enough.
  • To discuss what needs to change to make contracts stronger and discuss with the legal department the necessary changes.
3. Construction Project Risk
2 Hours
  • To discuss the basic risks and inherent risks associated with any project.
  • To analyze how the risks interact with one another and how to prioritize risk.
  • To discuss how to have an intelligent conversation with management about project exposure.
4. Construction Project Controls
2 Hours
  • To review controls and risks that can occur at any stage in the construction life cycle.
  • To study the importance of early planning, early audit intervention, and analyze & report variances in schedule & cost.
  • To recognize trends, forecast performance, and calculate & analyze project progress.
5. Understanding the Business Decision Making Process in Construction Contracts
2 Hours
  • To analyze how the decision-making process works and explain Strategic Planning or Executive Management.
  • To discuss best practices to ensure projects are graded on an even basis.
  • To analyze red flags that audits should investigate to ensure decisions are fair and justified.
6. Vetting Your Vendors and the Procurement Function in Construction Contracts
2 Hours
  • To analyze how to vet potential vendors and explain the auditing procedure of vetting potential vendors.
  • To discuss best practices for procurement and explain how to audit accordingly.
  • To inspect procurement risk and controls and analyze why some of the best practices can be dangerous to rely on.
7. How to Audit Construction Projects: Project by Project, or Vendor by Vendor
1 Hour
  • To devise the best strategy to use to plan audits of your construction projects.
  • To gain an appreciation of doing a vendor audit vs a project audit.
  • To study audit timings as it relates to auditing projects.
8. Construction Fraud: Ripped from the Headlines
2 Hours
  • To discuss construction audits and recognize fraud schemes common to the construction industry.
  • To discuss the latest cases that are being prosecuted today to understand the trends in construction fraud.
  • To analyze important strategies to ensure your projects are well controlled.
9. Construction Audit and Big Data
1.5 Hours
  • To analyze big data and discuss the mathematical flows in construction to create data scripts to monitor data and progress.
  • To analyze how to review red flags that may indicate your projects are soon failing.
  • To explain strategies behind using data analytics to monitor construction projects for fraud or failure.
10. Construction Site Safety and Performing a Site Visit
1 Hour
  • To view site activities and pick out certain safety failures.  
  • To explain the basics of staying safe on site and analyze how to plan for a proper site visit.
  • To discuss practical tips to test for safety.
11. What You Need to Know When Auditing Construction Invoices
2 Hours
  • To discuss the anatomy of construction invoices.
  • To explain what the RADIO process is and how it works.
  • To analyze how a finding on an invoice carries through to the” true” overpayment or underpayment, and discuss popular schemes when auditing labor.
12. Using Earned Value Management in Your Construction Audit Reports
2 Hours
  • To inspect what formulas exist in project management methodology to help you get a true picture of project progress.
  • To analyze how to appreciate the information project management could/should supply and recognize the fundamental principles one needs to have in place to make EVM work.
  • To realize how powerful the EVM tool is in managing your projects and determine the performance and cost of a project.
13. Construction and Insurance
1 Hour
  • To discuss the importance of insurance and possible risk drivers and analyze different insurance arrangements.
  • To analyze the cost process of insurance so you can audit the transfer of cost to your project.
  • To identify limitations of the different types of contracts.
14. Managing a Construction Audit
1 Hour
  • To analyze how to set up a time budget for the construction audit.
  • To realize the changes in results and actions around the timing of reports.
  • To discuss the contractual limits of auditing a project.
15. The Importance of Monthly Project Progress Reports in Construction Contracts
1 Hour
  • To analyze what reports are available, what they should expect to get, and discuss how to read these reports at face value and what they mean.
  • To determine the importance of automating the monthly reporting process and how it can be used to your advantage.
  • To identify the challenges that need to be faced and review how reporting increases the overall visibility of a project.
16. What Every Construction Auditor Needs to Know About ESG
1 Hour
  • To review strategies companies can take during construction projects to help them meet their goals.
  • To analyze how we can be proactive or reactive to preserve market share for the organizations.
  • To discuss why construction projects, in particular, must maintain ESG, and evaluate the practical solutions specific to construction management should get behind the eight ball.
Disclaimer : Before attending any course, please verify that the credit details align with your qualification requirements. This certificate is designed to help you acquire new skills and knowledge, which may or may not fulfill specific compliance criteria. While we have made every effort to ensure our courses adhere to compliance standards, we recommend reviewing the details to confirm applicability for your needs.

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trusted

Essential Course for Auditors in Construction

“Industry-specific certification for professionals in auditing; is a unique concept. I loved the idea of this course. It is definitely worth a peek for all the auditing professionals. I found the course very useful, and myself to be ready to take assignments for the construction industry. The speaker is knowledgeable and highly experienced in the industry. She ran the course with a moderate pace. The speaker explained the principles and aspects of the construction business were especially commendable.”

Betty Hose
Betty Hose , CIA

Construction Auditor

trusted

Unique Course for Construction Auditing

“The strength of the industry-specific course is rooted in its examples. The speaker exceptionally has done this and has shown how it pays to be an industry-specific and specialized professional. I enjoyed learning with the exceptional practitioner. She held her-end of the bargain. Join-in - very good course.”

Frank Eickhoff
Frank Eickhoff, QIAL

Construction Auditor

trusted

Balanced and Insightful

“The learned speaker has rich content explained with ease. The course has a balanced approach and I loved that. I admire the ideas of the speaker as they were put forward thoughtfully. The best part was the clarity on the subject and therefore I recommend this course.”

Michelle Parkey
Michelle Parkey, CICA

Audit Specialist

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Frequently Asked Questions

The Master Auditing Construction Capital Projects (CCP) course provides a bird’s eye view of the important aspects of construction Capital Projects. It covers basic aspects such as understanding the construction contracts, project risk, project controls, and decision-making process. It also guides auditing specific functions in the project such as procurement, site safety, and site safety visits. It also covers aspects of specific cases that are highlighted in the industry, management of construction audit, and its progress report. It also provides specific insights on insurance, project-by-project and vendor-by-vendor auditing of construction projects, and ESG aspects that must be followed. Providing great coverage  Master Auditing Construction Capital Projects (CCP) delivers a strong chance of executing successful auditing practices in the construction industry.

The Master Auditing Construction Capital Projects (CCP) course provides great coverage of topics for auditors to thrive in the construction capital industry. Delivering key aspects highlighted in the auditing practices, the practical view of implementing auditing on the ground provides a strong understanding from the expert speaker. Covering the crucial aspects of implementation in various areas such as contracts, invoicing, decision-making process, functions, site visit safety, progress reports, and more - the certification ensures that professionals pay specific attention to aspects with key importance. Insurance, project controls, and risk - have been provided special importance considering their pivotal role in construction. Thus, the Master Auditing Construction Capital Projects (CCP) course ensures that professionals get all the tips and pointers to successfully execute a construction industry audit.

Certificate course is created by a qualified and experienced instructor(s). myCPE Certificate Courses includes Self-study Courses. Most of the courses are in the form of On-demand Videos. The Self-study Video courses in Certificate courses may be Live recorded presentations converted into Self Study (On-Demand Videos).

You can take your time and attend the course at your own pace. You can take exam unlimited time. So, don’t worry, if you are not able to pass an exam. You will be getting a chance to attend the exam again.

After completion of each course of this Certification Programs, you will be able to download a certificate with the course title and number of hours. Certificates, as well as your study records, are stored for life and you can access them anytime. Certificates are valid proof for your continuing education credits and you can also add it as an additional designation.

Once you register you will have complete access to all the courses of this Certification Programs. The self-study format allows you to access the material online 24x7 and study at your own pace.

As per NASBA guidelines, you have one year from date of purchase of your certificate to complete each program. After completion of each course, you can attend final exam any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.

Course have minimum passing score of 70% in the final exam and you can take multiple attempts of the said exam.

Our video player tracks & stores the watch time and will show you in the progress bar. But you make sure that you don’t fast forward or manually try to move the progress bar. If you have fast forwarded the video or tried to manually move the progress bar of the video. System wouldn’t capture your watch time. So please, let the video go on its own. However, being on-demand video you can pause and play and whenever you want and you can watch it in pieces. It will pick up from where you left off. So, for a self study courses you will have to
1. Complete the entire video 100%.
2. Answer all the review questions correctly. The review questions are at the bottom of the same page where you are viewing the course video.
3. Once you have watched the whole video and answered all the review questions, the Final Quiz will open up. You need to score more than 70% in the Final Quiz to avail your CPE credit. Multiple attempts are allowed for submitting Review and Final Quiz questions.
4. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from the ‘My Certificates’ section. Kindly ensure you have allowed Multiple File download from your web browser to download all certificates.
5. You can download individual certificate from your "Account" as well as from this page once you complete a particular courses. Also, you can download "Consolidated Certificate" from the package page or from your account.

A Self-study course is a recorded video (If it’s a recording of a live course you may see polling questions appearing on the screen. You do not need to answer the polling questions and just let the video play). Do not fast forward. If you fast forward, we may not be able to capture your watch time and you may be required to watch it multiple times. In order to avail your credits for the self-study course, you need to answer the review questions correctly and complete the entire video. Once you have done that, the Final Quiz will open up in which you need to score a minimum 70% to qualify for the credit. You can attempt multiple times for answering the review questions and Final quiz questions. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from ‘My Certificates’ section.
If neither of the above cases works, please drop an email to support@my-cpe.com or contact our support team through live chat support.

The evaluation form will be sent to attendees in the next 24 hours after passing the final quiz with at least 70% marks. Kindly note that the evaluation form will only be available to attendees who remained logged in till the end of the course and answered all the polling questions.

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