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Why small capital projects should be in your audit plan
March 6 @ 1:00 pm – 2:00 pm EST
Construction audit toolbox: a construction contract controls and construction audit webinar series
Small capital projects are perhaps the riskiest construction projects in your capital program. A recent small project audit uncovered contractor overcharges exceeding 15% of the project value, unapproved but billed change orders and significant owner project management failure. Conversely, this same owner’s large project audit had less than 0.50% of the project value in overcharges. How can the same facilities department have such polar opposite project performance results?
Construction contract audits aren’t just for the biggest and highest profile capital projects. Managing construction risk transcends all of the projects in a capital portfolio and deserves proper attention to avoid unnecessary expense and wasted capital. During this complimentary CPE webinar, we will discuss why small capital project risk is elevated and how to efficiently audit the capital and maintenance project portfolio.
Attendees will also learn:
- How to assess construction risk across the portfolio
- How to write a vendor audit program
- Why maintenance and capital projects may be risky
Presenters:
- Tony Ollmann, CPA, Partner
- Robert Zellmer, CCA, Senior manager
- Dylan Stockman, Senior consultant
Who should attend:
- Internal audit professionals
- Facility administrators
- Project professionals
- Chief Financial Officers (CFOs)
- Chief Operating Officer (COOs)
- Director of Capital Projects
- Other professionals involved in construction project management and facilities development
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
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 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.
