Learn best practices of project cost audits and how to properly report findings for ongoing commercial or litigation purposes.
Project cost audits are a unique service that utilizes cost theory, contractual requirements, fraud sensitivities, and IT skills along with a technical understanding of the project scope. The audits often involve millions if not billions of dollars and the findings of agreed or disagreed costs directly impact the cash position of the respective stakeholders i.e., it is a zero-sum game. As a service for internal or external auditors, the results to clients are often significant and beyond the service cost of the audit, yet common sampling and auditing techniques are not always effective. You will be able to identify project audit assignments, effectively perform project cost audits, identify and apply best practices to the benefit of the project team, and properly report findings for ongoing commercial or litigation purposes.
Agenda
Faculty
Dennis L. Allen, CPA, CFE, CCA
FACX Global
- Founder of FACX-Global
- Over 40 years of experience in project cost audits, dispute resolution of contract and cost related issues, and government contract disputes including both domestic and international million and billion dollar projects
- Conducts seminars and lectures on project cost audits, audit objectivity, project management, change order management, and construction contracts
- Certified Public Accountant, Certified Fraud Examiner, Certified Construction Auditor with memberships in the associated professional organizations
- B.A. degree in business administration, Texas Tech University
- Can be contacted at [email protected] or 301-606-7998
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