When: Jan 26, 2019 12:00 PM
Location: The Construction Audit & Cost Control Institute
Ticket Price: $1,095.00
COST RECOVERY EXAMPLE: $10 MILLION
The following is an example of a major recovery on a large cost-plus construction contract that will be discussed during our “ Effective Auditing of Construction Activity ” seminar. The contractor billed $100 million for wages plus an estimated labor burden percentage to cover cost of payroll taxes and worker's compensation insurance. The audit documented that the estimated percentage used to bill for labor burden was approximately 10% overstated, resulting in a cost recovery of approximately $10 million .
Numerous examples of significant cost recovery audit findings and the audit steps used to develop those cost recovery findings will be discussed during this seminar.
Effective Auditing of Construction Activity
Instructor: Rich Townsend
Earn 16 CPE
This practical experience-based seminar covers proven construction audit strategies and techniques to enhance your organization's ability to effectively audit and control construction costs. Learn how to establish audit coverage to maximize your "risk-based" cost avoidance and/or cost recovery audit results . Attendees will identify key process improvements related to construction procurement and contract administration.
Detection, Prevention & Response
Instructor: Courtenay M. Thompson
Earn 16 CPE
Attendees will learn how to prevent wrongdoing , build fraud detection into routine audit and management practices, as well as how to respond when fraud surfaces. This course includes fraud case examples, exposures and symptoms of occurrence. Special attention will be paid to addressing kickbacks and bid rigging , price fixing, billing fraud and non-performance, bribery and corruption.
Early registration discounts available
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July 29-30, 2019 Marriott – Dallas
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The Construction Audit & Cost Control Institute, Inc.
3941 Legacy Drive - Suite 204 #218A
Plano, Texas 75023