# Construction Contractors – Audit and Accounting Guide

> This book provides practical tips and industry specific guidance, provides value from simple accounting to joint venture creation, and takes a deep dive into construction industry specific auditing procedures.

- URL: https://essential.construction/files/information/e-books/construction-contractors-audit-and-accounting-guide/
- Publisher: Essential Construction (https://essential.construction/)
- Last updated: 2021-09-13
- Price: Free download
- Categories: Guides, E-Books
- Division: 01 - General
- File Type: PDF

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This book provides practical tips and industry specific guidance, provides value from simple accounting to joint venture creation, and takes a deep dive into construction industry specific auditing procedures.

**Constuction Contractors-Audit and Accounting Guide**

Considered the industry standard resource, this guide’s 2017 edition is packed with information on new requirements and relevant changes to the FASB Accounting Standards Codification, including a high-level look at FASB ASU Nos. 2014-09, Revenue from Contracts with Customers and 2016-02, Leases. It provides practical tips and industry specific guidance, provides value from simple accounting to joint venture creation, and takes a deep dive into industry specific auditing procedures. With two complete sets of financial statements and disclosures, it provides an industry accepted blueprint from where to start, or a reference for auditing the final product.

**TABLE OF CONTENTS**
 1 Industry Background

2 Accounting for Performance of Construction-Type Contracts

3 Accounting for and Reporting Investments in Construction Joint Ventures

4 Financial Reporting by Affiliated Entities

5 Other Accounting Considerations

6 Financial Statement Presentation

7 Auditing Within the Construction Industry

8 Controls in the Construction Industry

9 Planning the Audit, Assessing and Responding to Audit Risk, and Additional Auditing Considerations

10 Major Auditing Procedures for Contractors

11 Other Audit Considerations

12 Consideration of Fraud in a Financial Statement