Focus and Features
In order to support the growing business, most companies often encounter the need to invest in additional infrastructure, be it in new facilities or expanding current facilities. As these construction projects involve huge sums of capital expenditure, there is a critical need to safeguard the company's investment by ensuring that construction projects are well-controlled as with any business operations. Both internal auditors and project teams need to be equipped with the right capability and tools to design and execute construction site audits and consults commensurate with the risks involved.
This program provides a basic understanding of Construction projects auditing principles and tools both for auditors as well as non-auditors with internal control responsibilities. The methodologies include a combination of lectures, case studies and group discussions to provide a comprehensive learning process.
This is intended to be a basic* overview course to help get internal auditors started on construction project audits. This is also applicable to anyone who is simply interested in the construction process – whether on a large-scale (such as when you are handling a big project) or on a smaller scale (such as when you are planning to build your own home).
What You Will Learn
The program will enable participants to learn and/or apply the following:
Construction Audit Overview
Construction Audit Execution
Auditing Construction Costs
Auditing Construction Processes, Policies, Procedures & Controls
Other Construction and Audit Considerations
Who Should Attend
The seminar is ideal for internal auditors in the construction and real estate industry as well as those auditors from other industries (manufacturing, power, energy, mining, utilities, communication, electronics, conglomerates, etc.) that provide assurance and consulting work on various construction projects. It is also valuable for project managers/team members and risk professionals who do not perform audit work but hold stewardship responsibilities. This is also a general course for anyone interested to know about the construction process.
Institute of Internal Auditors Philippines, Inc.
139 Corporate Center, Valero Street,
Makati City, Philippines