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National Construction Industry Conference 2013

How to Use a Risk-Based Approach in Auditing Construction Contractors

‐ Dec 5, 2013 3:40pm

Effectively auditing a construction contractor requires audit teams to use a risk-based audit approach to ensure audit procedures are focused on the areas of highest risk. During this session, the following will be discussed:
• Review and discussion of a risk-based approach to auditing a contractor
• Understanding risky areas in a contractor’s financial statement and key audit procedures to address those risks
• Review of various templates, tools and analyzing techniques to help with overall analysis of contracts


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