Engineers Financial Audit Techniques for Major Construction Projects

About the Course:

This course is designed to describe an engineer's financial audit responsibilities during the construction phase of a project and describe specific techniques on how to do so. It will cover techniques for comparing funds spent to funds allotted, determining the percentage of work completed, and reviewing procurement activity. The engineer needs to review the techniques that those involved in the procurement and budgeting process use to gather data, tabulate it, and double-check their results. It will focus on paying workers, payroll activity, filing tax returns, the manner in which available funds are invested, review of plans & specifications, and communications with engineers before submitting purchase orders.

The course will describe the ramifications of poor financial management. The engineer shall coordinate with tax attorneys, certified accountants, and forensic accountants employed during the conduct of the project.

Course Objectives:

• Become skilled at developing the scope of work for financial audits.
• Understand the procurement processes used by construction companies.
• Understand how lenders pay construction contractors.

Who is the Target Audience?

• Civil engineers
• Architects
• Certified public accountants
• Lenders
• Bonding companies
• Insurance companies
• Construction company owners
• Safety managers
• Tax attorneys
• Construction attorneys
• Personal injury attorneys
• Corporate attorneys
• Project managers
• Project engineers
• Project superintendents
• Environmental staff
• Financial analysts
• Forensic accountants

Basic Knowledge:

• There are no prerequisites for this course.