Construction Guide: Accounting and Auditing provides CPAs with guidance on the accounting, auditing, and reporting that are particular to the construction industry. In addition, it provides CPAs with guidance on engagements for a wide range of situations, including those special to utility contractors, road builders, home construction, home builders, real estate developers, commercial construction, residential construction, and more. The book includes work programs, practice aids, checklists, and sample reports.

A free companion CD-ROM includes work papers, practice aids, checklists, and sample reports found in the book is included with the volume.

Topics and Contents

Mid-Contract Change of Contractor: GAAP Issues

Construction Industry Basics

Accounting for Contractors

Internal Controls

Financial Statement Presentation

Auditing Construction Contractors, Home Builders, and Real Estate Developers

Financial Administration

Fraud

Insurance and Bonding

Joint Ventures: FIN-45 and FIN-46R Issues