Challenges and solutions of auditing contracts
With construction comprising a large and growing portion of the economy, it's important to stay on top of the very latest in accounting and auditing changes for the construction industry. In this webcast, you will gain insight about:
Audit planning and substantive auditing procedures
The core knowledge necessary to succeed
Key issues affecting construction auditing, including auditing under the new revenue recognition and leases guidance
Audit risks and risk assessment
Learning Objectives
- Identify key concepts related to auditing procedures applicable to construction contractors.
Major Topics
Auditing contractor accounting and revenue from contracts with customers
Planning and risk assessment for construction contractors
Key internal controls
Substantive procedures for long-term contractors
