Get the industry-specific knowledge you need to successfully perform every aspect of an audit for a construction contractor. From best practices related to revenue recognition methods, to job costing, to common joint ventures, this Guide has you covered.
Auditing guidance has been completely re-written, and includes the latest requirements set forth in the new standards, as well as the necessary implementation of the Clarified Auditing Standards. This mandatory information is essential for properly completing an audit of a construction contractor.
This guide includes expanded coverage of group audits, auditor’s reports, and reporting on supplemental information. In addition, it covers:
Revenue recognition— Avoid costly revenue recognition errors through a detailed analysis of the acceptable methods of contract accounting, including POC and completed contract.
Auditor’s report— Ensure your compliance with the new headings and format requirements in AU-C section 700.
Audit risk factors— Be aware of and in compliance with the new and expanded Group Audit requirements of AU-C section 600. Be sure that your firm is properly considering the group and component aspects of the audit.
Multiemployer pension plans— Know the requirements for disclosing your involvement, and the consequences of planned changes in your participation level, through an expanded look at FASB ASU No. 2011-09.
Presentation of Supplementary Information— Be sure to know your duties with respect to audit evidence, management representations and presentation of that information in relation to the financial statements as a whole.
Clarified Auditing Standards—All auditing content has been fully conformed to reflect changes resulting from the Clarity Project.
If purchasing this title as an eBook, please note that it is intended for a single user. An eBook is a downloadable file that will be accessible immediately after completing your purchase. Access to the download link expires 180 days from the purchase date. Download the file before this time elapses. Before downloading your eBook, you must:
Return to CPA2Biz.com and go to My Account > My Downloads
Click the eBook title to download and open automatically in Adobe Digital Editions
Note: To access your eBook on a smartphone, tablet or other reading device, see our FAQ. This product is refundable within 10 days of your purchase date. For more information about this product or service concerns, please contact the CPA2Biz/AICPA Service Center at firstname.lastname@example.org or call 888-777-7077.
Online Subscription > AICPA Online Professional Library. The online subscription option below includes the corresponding Audit Risk Alert, content updates and unlimited online access for 1 year. AICPA Online Professional Library – your source for the latest guidance, information, and standards on a variety of accounting & auditing, industry-specific, and practice management topics. Click here for more information.