Construction Contractors: Critical Accounting, Auditing, and Tax Issues Webcast

Sep 28
8:00 - 4:00 p.m.

Online

4-A&A; 2-Tax; 2-A&A
CPE Credits

Accounting and financial reporting for construction contractors may be the most difficult area to be in compliance with the various standards. Construction engagements are, in many instances, more “dangerous” than most lines of business due to the many users of the financial statements. In this course, we will discuss why construction accounting and financial reporting are so complex and discuss the relationship between the contractor and the surety, both from an underwriting and claims perspective. We will also explore what the surety looks for in order to maximize potential bond credit, and we will discuss key areas of tax compliance concentrating on those areas which make construction unique, including the impact of COVID-19 on the construction industry.
Highlights
  • Overall landscape of the construction industry, including the impact of COVID-19 on the construction industry
  • GAAP and recent changes affecting the construction industry
  • The new Revenue Recognition Standard and its impact on the construction industry
  • Unique audit and review issues with construction contractors
  • The unique relationship between the contractor and the surety
  • Tax compliance issues facing construction contractors
  • Going concern disclosures and their importance to the construction industry
  • The new lease FASB ASC and its impact on the construction industry

Registration

PICPA Member: $259
Nonmember: $359

More Information

Course No. 732300 Level: Intermediate

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

Notes
This is a 8 credit webcast

Speaker(s)

William Eskin