Construction Audit Strategies: Cost Avoidance or Cost Recovery

Many organizations undertaking capital projects often wonder whether construction audits should be conducted throughout the project or only at substantial completion. The answer largely depends on your organization’s preference for cost avoidance or cost recovery, and sometimes, the best approach might be a combination of both. This session will delve into the key decision factors and the benefits of ongoing construction audits versus closeout audits. -Understand the differences between ongoing construction audit and closeout audit -Discover the benefits of each audit approach -Learn if your organization or project is a match for cost avoidance, cost recovery, or both Program Level: Intermediate Field of Study: Auditing Prerequisites: None Recommended CPE Credit: 1.0 Delivery Method: Group Internet Jefferson Wells 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