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Auditing direct labor in construction projects
October 13, 2021 @ 1:00 pm - 2:00 pm EDT
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Participants of the live webinar will be eligible for 1 free CPE credit.
Direct labor costs can make up 50% or more of a project’s construction costs. Consequently, seemingly insignificant charges may result in significant project costs. From double billing holiday and vacation time to miscalculations of time and half rates to contractors owning the power to bill for profit redistribution, common labor risks can make or break a project. This webinar will demonstrate how an auditor can test and analyze direct labor rates and costs to prevent unnecessary direct labor costs.
In this case study-focused presentation, participants will learn how to:
- Identify contract terms that increase labor costs
- Detect unfavorable billing practices
- Write a direct labor audit program
- Analyze labor rates for realized costs
Presenters:
Tony Ollmann, CPA, Partner
Andy Kitt, Audit consultant
Who should attend:
- Internal audit professionals
- Facility administrators
- Chief Financial Officers (CFOs)
- Other professionals involved in construction project management
Information about CPE eligibility
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: Auditing
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 US, LLP 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: learningmarket.org.
