News
The Art and Science of Project Management: Navigating the Path to Success
Project management is a discipline that combines art and science to ensure the successful...
Construction Material Prices on the Rise
In recent years, the construction industry has been grappling with significant increases in the...
5 Ways Construction Audit can snoop out counterfeit goods
Buyer Beware and Buyer Be Aware: The Critical Need to Audit Project Contracts, Even Fixed Fee Ones...
Trafigura reaches agreement on U.S. DOJ Investigation
Trafigura Trafigura is one of the world's largest commodity trading companies, primarily dealing in the trading and logistics of oil, minerals, and metals. Founded in 1993, Trafigura has grown into a global entity with operations spanning across continents. The...
OSINT
OSINT - Open Source Intelligence What is OSINT? OSINT OSINT stands for Open Source Intelligence. It refers to the practice of collecting and analyzing information that is publicly available, typically from open sources such as news articles, social media, government...
Auditing Construction in energy
Auditing construction in energyAuditing construction energy Auditing construction in energy involves unique considerations due to the complexity, scale, and critical nature of energy infrastructure. Here are some special considerations: Safety Compliance: Safety is...
Office of Federal Contract Compliance Programs (OFCCP) launches it’s new megaproject compliance efforts. Are you ready?
OFCC New requirements under the OFCCP means that megaprojects that are wholly or partially funded with government payments (those projects over $35 million and lasting at least a year) can expect greater compliance attention. The launch of the new program comes under...
Attributes Audit Committees want in External and Internal Auditors
Attributes audit committees want The other day a student asked me, "What attributes audit committees want in terms of internal and external auditors." I thought long and hard about this and came up with the following: In the realm of corporate governance, audit...
Auditing 3rd Parties
Navigating Risks and Controls: Auditing 3rd Parties in Modern Business Auditing 3rd parties In today's interconnected global business landscape, companies often rely on a network of third-party vendors, suppliers, and service providers to streamline operations and...
Change Orders and Project Risk
Mitigating Cost Overruns in Construction Projects: A Construction Auditor's Perspective on Change Orders In the realm of construction projects, change orders can be both a blessing and a curse. While they allow for flexibility and adaptation to evolving project needs,...
Construction Audit Program
Construction Audit Program To develop a robust construction audit program, it's essential to dissect the entire project into manageable components or processes. While some processes might be familiar and routinely audited, a construction audit program needs to be...
Sabotage
Sabotage Arson