Webinar
Construction audit fundamentals: Navigating today’s challenges
Construction represents one of the highest areas of financial exposure for organizations—whether building new facilities, expanding operations or undertaking major renovations. With project costs often representing millions of dollars and involving complex contracts, multiple vendors and long timelines, organizations need structured oversight to ensure fiscal integrity and project performance. Common risks in construction projects include cost overruns and schedule delays caused by contractor performance, unforeseen conditions or supply chain disruptions and exposure to unallowable costs through inadequate contract controls and advantageous billing practices.
A construction audit ensures capital projects are managed efficiently and transparently by verifying costs align with contracts and budgets, detecting overbillings, duplicate charges and unallowable costs. It confirms contractor compliance, reduces risks such as fraud and delays and evaluates project governance. Ultimately, construction audits promote accountability and provide valuable insights for future projects.
This webinar provides an accessible yet comprehensive introduction to construction audit fundamentals, equipping participants with practical concepts, tools and insights to help them identify and mitigate construction risks effectively.
Learning objectives
- Discover why construction audits are an essential tool for projects of all sizes
- Identify the fundamental elements of construction contracts and applicable audit procedures
- Recognize key risks and common audit findings
Presenter
- Robert Zellmer, CAA, M.S.A, Director
Who should attend
- Internal audit professionals
- Facility administrators
- Project professionals
- Chief Financial Officers (CFOs)
- Chief Operating Officer (COOs)
- Directors of capital projects
- Real estate developers
- Other professionals involved in construction project management and facilities development
There are no prerequisites for this webinar, and advance preparation is not required. There is no cost to attend this webinar.
Level: Basic
CPE credit: One (1) hour total credit
Field of study: Specialized Knowledge
CPE host: Griffin Weinkam
A certificate of completion will be emailed to you four to six weeks following the event.
For more information regarding administrative policies such as complaint and refund policies, please email learning@bakertilly.com.
Baker Tilly Advisory Group, LP, is registered with the National Association of State Boards of Accountancy 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: nasbaregistry.org.
Additional resources
Construction audit fundamentals: Analyzing and monitoring project labor costs
Learn how how vague or unfavorable labor terms can lead to significant cost overruns, and how proactive contract analysis can mitigate these risks in this on-demand webinar from Baker Tilly.
Construction audit webinar series
A construction audit and contract controls webinar series to help you with accounting best practices, developing project audit checklists and the tools necessary to get started.
Construction audit resource center
A resource center dedicated to helping internal auditors, facility administrators, CFOs and construction project management professionals manage construction risk within their organization.
