Construction Audit Series - Vetting your Vendors and the Procurement Function

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Construction Audit Series - Vetting your Vendors and the Procurement Function

Learning Objectives

To analyze how to vet potential vendors.
To 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.
To analyze why some of the best practices can be dangerous to rely on.

Course Description

This webinar is a part of the Construction Audit Series by Denise Cicchella!

When it comes to selecting vendors, many times it is by bidding or referrals. Deciding which vendors to use is critical and can make or break a project. It’s important to choose reliable vendors and contractors who deliver quality work. The vetting process is imperative to effectively manage risk and ensure quality service delivery. Vetting potential vendors offers you insight into their past performance, potential legal or financial issues, and insurance compliance

This CPE Auditing Webinar will uncover some of the myths or beliefs out there and learn the truth behind reliability.

The choice of the procurement process is vitally important to the success of any construction project. Construction companies compare various types of procurement and opt for an ideal one based on key parameters such as topography, logistics, weather, available technology, finance, labor availability, and services. Before looking at the types of procurement, it is important to be acquainted with functions carried out in the construction industry and the parties involved.

Major topics covered in this course:

Risks
Unqualified vendor
Common Findings/Fraud
Types of Bid Rigging
The procurement process
Finding vendors
Problems with the procurement process
Define selection criteria
Carter's 10Cs
Audit Concerns

Join this CPE course to understand everything about procurement functions in construction contracts.

Webinar Qualifies For

2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
2 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
2 CPD Credit of Auditing for CPA in Canada
2 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
2 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
2 CPE Credit of Auditing for Certified Management Accountants (CMA)
2 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
2 CPD Credit of Auditing for Certified Financial Forensics (CFF)
2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
2 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
2 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
2 CPD Credit for Chartered Accountant - ICAEW
2 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
2 CPE Credit of Auditing for Certified Internal Controls Auditor (CICA)
2 CPD Credit for Chartered Accountants - Scotland
2 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
2 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
2 CPD Credit for Chartered Accountants - Ireland (CAI)
2 CPD Credit for CPA - Ireland
2 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
2 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)
2 CPE Credit of Auditing for Certified Controls Specialist (CCS)

About Instructor

Denise Cicchella

Founder & CEO, Auspicium

Denise Cicchella is a recognized expert in construction audit, protecting owners from the overpayment of construction costs due to error, negligence or fraud.

Dense is a Certified Internal Auditor, Certified Fraud Examiner, Certified Construction Auditor, Project Management Professional and Fellow of the Life Management Institute. She holds an MBA in International Business from Fairleigh Dickinson University and a BBA in Accounting from Loyola University. She is the Founding President of the New York/New Jersey Chapter of the National Association of Construction Auditors. She has audited and led audit teams for small construction project as well as multi billion dollar projects.

She is an experienced trainer and can often be seen teaching domestically and internationally.

Additional Information

Duration

2 Hours

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.4

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Olmedo Caraballo, CPA (US)

Very good course. Denise was not just going through the motions, she gave real examples and talked about her professional experiences which is very helpful

Janice Ellis, CPA (US)

Great learning experience! Very thorough and detailed information that will be extremely helpful with future expansion projects.

Donald Crisp, CPA (US), CGMA

the instructor was very knowledgeable

Anthony Cofone, PMI-PBA

Very informative and relatable!

Cindy Driest, CFE, CIA

very good webinar

2 Credits

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Subject Area

Auditing

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Construction Audit Series - Vetting your Vendors and the Procurement Function

Course Details

Learning Objectives

Course Description

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Denise Cicchella

Other Details

Additional Information

2 Hours

Basic

Group Internet Based

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.4

Olmedo Caraballo, CPA (US)

Janice Ellis, CPA (US)

Donald Crisp, CPA (US), CGMA

Anthony Cofone, PMI-PBA

Cindy Driest, CFE, CIA

Subject Area

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