The construction industry comes with many advanced accounting issues, audit
procedures, and tax issues, which makes construction contractor engagements
inherently higher risk than other engagements. As a result, practitioners and
financial professionals should be prepared to address difficult issues such as
look-back calculations, measuring progress of contracts, overhead allocations,
and internal controls for construction contractors. Learn about some of the most
pervasive issues in the construction industry and how to identify and manage the
risks inherent with construction contractor engagements.