Construction projects represent some of the most significant and high-profile expenditures that an educational institution can make. To address the risks of project overruns, fraud, and abuse, institutions must effectively leverage their skills and resources, including internal audit.
This webinar describes how internal audit shops of all sizes can successfully participate in pre-construction planning activities to help mitigate financial, operational, and compliance risk for the institution. We discuss the construction lifecycle and owner’s responsibilities, including those of the owner’s representative, architect, construction manager, and compliance and audit personnel.
Key learning objectives
Attendees should be able to do the following upon conclusion of the webinar:
- Understand key construction terminology and the steps of the construction process lifecycle
- Identify gaps in current pre-construction activities and owner’s responsibilities
- Evaluate how internal audit can participate most effectively in pre-construction activities and create a collaborative work environment with development parties
For more information on this topic, or to learn how Baker Tilly professional services specialists can help, contact our team.