Construction Audit Series - What you Need to Know when Auditing Construction Invoices

Course Description
Course Qualification
Presenter
FAQ

Course Description

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

US Bureau of Labour Statistics shows that as of January 2020, there were $7.59M people working in the construction industry. In addition, data from the Association of General Contractors of America shows that the construction industry has more than 600,000 employers in the US and creates nearly $1.3 trillion worth of structures each year.

Construction is a risky business. Each construction project is unique and comes with its own set of challenges and opportunities. Identifying and managing construction project risks can be tricky, but not impossible with careful planning and execution.

Auditing a construction invoice can be difficult if you do not know the components and understand the formulas. This Discussion will include popular errors and frauds found over the years.

Auditing a construction invoice can be divided into three main parts:

During construction, precise checking & preparation of contractor's bills.
Post-construction bills audit as per drawings & physical verification at site reference to latest measurement codes.
Verification & checking of quality of construction after execution of projects through physical verification or certified laboratory or as per the requirement of the site/client.

Join this CPE Auditing Webinar to understand what you need to know when auditing construction invoices!

Learning Objectives

To discuss the anatomy of construction invoices.
To explain what is the RADIO process and how it works.
To analyze how a finding on an invoice carries through to the” true” overpayment or underpayment.
To discuss popular schemes when auditing labor.

Recommended For

The Online Continuing Education Webinar is recommended for CPA, CIA, IAP, QIAL, CMA, and other auditing professionals who want to understand what you need to know when auditing construction invoices.
This CPE course is also helpful for CFF, CFE, CVA, CGFM, CBA/ MCBA, CRMA, CGAP, CGFM, MAFF, CTP, CFIRS, CWS, Fraud, and other professionals interested in learning more about auditing construction invoices.

Who Should Attend?

Accounting and audit managers/practitioners
Auditors
Certified Fraud Examiner
Certified Management Accountant (CMA)
Certified Public Accountant (CPA)
Certified Valuation Analysts
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Fraud Examiner
Young CPA

Course Qualification

Webinar Qualifies For

2 General Credit for Accountant/Bookkeeper (ACCT./BK)
2 CPE Credit for Certification in Risk Management Assurance (CRMA)
2 CPD Credit for Certified Financial Forensics (CFF)
2 CPE Credit for Certified Fraud Examiner (CFE)
2 CPE Credit for Certified Government Auditing Professional (CGAP)
2 CPE Credit for Certified Government Financial Manager (CGFM)
2 CPE Credit for Certified Internal Auditors (CIA)
2 CPE Credit for Certified Management Accountants (CMA)
2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
2 CPE Credit for Certified Valuation Analyst (CVA)
2 CPE Credit for Internal Audit Practitioner (IAP)
2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
2 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
2 CE Credit for Certified Wealth Strategist (CWS)

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

Group Internet Based
Pre-requisites :

None
Advance Preparation :

None

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.

Presenter

About Presenter

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.

About Company

Auspicium

www.auspicium.com

Auspicium was founded as a management consulting firm specializing in audit, real estate management, facilities management and Construction Audit and construction audit cost recovery. We specialize in consulting, fraud examination, risk assessment, and training. Our founder is a recognized leader in the field and has spoken for private companies as well as for The Instiute of Internal Auditors and the Association of Certified Fraud Examiners.

Faq

FAQs content

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As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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