Description

Construction auditing is a specialized field within the broader discipline of auditing that focuses on the financial and operational aspects of construction projects. It involves a systematic examination of construction-related activities, processes, and documentation to ensure compliance with contractual agreements, regulatory requirements, and industry best practices. The primary goal of construction auditing is to provide stakeholders with an independent and objective assessment of a project’s financial health, operational efficiency, and overall performance.

This course is an introduction to construction auditing, focusing on the financial, operational, and contractual aspects of construction projects. Students will learn the essential methodologies and tools necessary to assess project compliance, detect potential risks, and ensure the financial and operational efficiency of construction projects. The course emphasizes real-world applications, from pre-construction audits to post-completion evaluations, providing an introduction to construction audit techniques, emerging trends, and best practices in the field.

Course Key Concepts: Construction auditing, contract compliance, financial audits, performance audits, construction risk management, project oversight, change order management, construction fraud detection, environmental audits, sustainability in construction.