Published: July, 2022
A construction audit is a review of various aspects of a project to ensure they are performing appropriately and in keeping with the contract. Since construction projects typically involve several entities performing several concurrent tasks, a construction audit is a crucial tool for keeping everything on track and under budget.
With the rapid development of information technology in today’s world, the amount of data information is getting larger and larger, which presents the characteristics of big data. Big data refers to a collection of data that cannot be captured, managed, and processed by conventional software tools within a certain time.
Big Data has been used for many years to do continuous auditing. Auditing your construction projects is no exception.
The era of big data has brought great changes to various industries, and the innovative application effect of big data-related technologies also shows obvious advantages. The introduction and application of big data technology in the audit field also become a future development trend. Compared with the traditional mode of audit work, the application of big data technology can help to achieve more ideal results, which needs to promote the adaptive transformation and adjustment of audit work.
In this CPE Auditing Webinar, we will talk about the strategies behind using Data Analytics to monitor construction projects for fraud or failure.
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.
Founder & CEO, Auspicium
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.