The legal, financial, regulartory and reputational risks involved can be mitigated with adequate project managment.
(PRWEB) March 28, 2013
Ryan J. Hauber, partner-in-charge of risk advisory services, and Matt R. Gardner, practice leader construction audit services at Honkamp Krueger & Co., P.C. (HK) will be speaking at the Institute of Internal Auditors (IIA) Chicago Chapter 53rd Annual Seminar on April 15, 2013.
Hauber and Gardner’s presentation, “Construction Auditing and Risks as it Relates to the Economy” will demonstrate how internal auditors should manage the risks involved with capital construction projects in their organization. With a focus on the financial collapse, they will show how construction auditing risks are becoming a growing concern in various industries and service sectors for audit committees, corporate boards, and senior management.
Construction projects may be the largest and most complex financial expenditures the vast majority of organizations will incur. The legal, financial, regulatory and reputational risks involved can be mitigated with adequate project management. This involves having internal controls in place during the planning, construction and completion phases of a project. By engaging licensed Certified Construction Auditors (CCA) and Construction Control Professionals (CCP) to independently review construction projects, organizations position themselves for maximum capital program effectiveness.
Hauber states, “Organizations of all shapes and sizes should have licensed and independent CCAs, CCPs and CFEs complete a thorough review of all construction projects exceeding $5 million. Inherently, this will minimize and mitigate the likelihood and impact of legal, safety, environmental regulatory, financial and reputational risks which are prevalent in construction projects across the U.S. in our current economy.”
Hauber is a Certified Fraud Examiner (CFE), Certified Construction Auditor (CCA) and Construction Control Professional (CCP) with over 15 years of global consulting experience for both public and private sectors. He has extensive experience with regulatory compliance, fraud, forensic, internal controls, investigative engagements, construction auditing and internal audit management. He has been a frequent lecturer for the past 10 years on important industry topics at national and international venues with the National Retail Federation (NRF), Association of Audit Committee Members, Inc. (AACMI), Association of Certified Fraud Examiners (ACFE), Association of College and University Auditors (ACUA) and the Institute of Internal Auditors (IIA). He has also been featured in national publications including Retail Merchandiser magazine and Smart Business magazine and has served on the board of directors for two private companies located in Michigan and Minnesota.
Gardner is a Certified Construction Auditor (CCA) and Certified Internal Controls Auditor (CICA) with experience in managing a wide variety of private and public companies in the risk advisory suite of services. He has spent the last seven years as a construction audit practice leader primarily focused on leading construction engagements and providing related guidance to clients across several industries, including financial services, colleges and universities, retail, manufacturing, entertainment, health care, and transportation. He is a member of The Institute of Internal Auditors (IIA) and National Association of Construction Auditors (NACA).
About Honkamp Krueger & Co., P.C.
Honkamp Krueger & Co., P.C. (HK) is a Top 100 CPA and business consulting firm and the fastest growing Top 100 firm in the Midwest (Accounting Today, March 2013). HK provides these specialized construction audit services on a national basis for organizations in all industry sectors. In addition to its CPA practice, Honkamp Krueger includes HK Financial Services (HKFS), HK Payroll Services (HKP) and the HK Alliance, which consists of CPA and business consulting firms throughout the U.S. sharing resources and best practices.