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Construction Contractors: Critical Accounting, Auditing & Tax Issues in Today's Environment

  November 29, 2018 from 8:00 a.m. to 3:30 p.m.
 Fairfax
 
8.0
19 / 3-723
Designed For:

Apply accounting and financial reporting standards to construction contractors Perform audit and review engagements for construction clients according to the Standards as efficiently and effectively as possible Identify tax compliance issues unique to the construction industry and apply the latest

Prerequisite:

Previous experience in the construction industry or in providing service to construction clients

Accounting and financial reporting for construction contractors may be the most difficult area to be in compliance with the various standards. Also, construction engagements are, in many instances, more "dangerous" than most lines of businesses due to the many users of the financial statements. Discuss why construction accounting and financial reporting are so complex, and review the relationship between the contractor and the surety, both from an underwriting and claims perspective. Also explore what the surety looks for in order to maximize potential bond credit, and discuss key areas of tax compliance concentrating on those areas which make construction unique.

Delivery Method: Group-live
CPE Credit: Business law, Taxes
Program Level: Intermediate

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