Construction Industry Accounting, Internal Controls, Valuations and Taxation

Overview

Led by a veteran expert in construction accounting, this seminar offers valuable insights into audit and review risks specific to contractor engagements, internal control best practices and tax methods. Learn essential strategies for effectively supporting and advising clients in the construction industry.

Highlights

• Construction industry overview including current trends, developments, and data
• Audit and review risks and procedures unique to contractor engagements
• Review of healthy contractor benchmarks, ratios and risk assessment
• Internal control procedures and best practices for contractors including equipment costing, subcontractor management, jobsite reporting, contract claims, bidding/estimating.
• Contractor valuations for M&A and ownership continuity planning
• Construction tax methods and strategies – what every CPA and CFO should know

Prerequisites

Basic construction industry accounting and tax knowledge, or experience in construction industry accounting.

Designed For

CPAs, CFOs, controllers, and accounting professionals that work with construction contractors as well as surety analysts, bankers, attorneys, and other advisors that service the construction industry.

Objectives

• Gain an overview of the construction industry's latest trends, developments, and financial data to inform strategic decision-making.
• Address audit and review risks unique to contractor engagements and outline effective procedures to mitigate them.
• Identify healthy contractor benchmarks and ratios to support risk assessment and financial evaluations.
• Learn best practices for internal controls in areas such as equipment costing, subcontractor management, jobsite reporting, contract claims, and bidding/estimating.
• Explore methods for contractor valuations in the context of mergers, acquisitions, and ownership continuity planning.
• Discuss construction-specific tax methods and strategies that CPAs and CFOs must understand to maximize financial outcomes.

Notice

• Login access and eMaterials will be available in the My CPE section of the ISCPA website 3-5 days prior to the seminar.