- Audits of financial costs of construction contracts with architects, engineers, construction managers, general contractors, and subcontractors.
- Pro-active project life cycle audits (bid process, pay applications, change orders, others) conducted as construction is being performed.
- Project close-out audits.
- Post-project / recovery audits.
- Specialist augmentation of internal audit staffs where breath and depth of construction expertise may be weak.
- Owner’s expert knowledge resource. Protection of owner’s interests.
- Analysis and upgrading of Owner contracts; esp. AIA based contracts.
- Financial administration of Owner contracts and construction cost monitoring.
- Consultations on Best Practices for the financial administration of construction contracts.
- Dispute resolution services:
- Arbitration support
- Claims mitigation support
- Expert witness testimony and support
Professionally Compliant Audits
- DCA serves primarily as a company’s internal auditor of architectural, engineering, and construction contracts where the in-house audit staff does not have the required experience.
- Audits are performed in compliance with The Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing.
- DCA is qualified as required by the IIA's Practice Advisory 1210.A.1-1: Obtaining the Services to Support or Complement the Internal Audit Activity.
- “The internal audit activity may use external service providers . . . that are qualified in disciplines such as accounting, auditing, economics, . . . engineering, . . . and other areas as needed to meet the internal audit activity's responsibilities..”
- An outside service provider is a person or firm, independent of the organization, who has special knowledge, skill, and experience in a particular discipline.
- When assessing the competency of an outside service provider, the owner should consider:
- Professional certification
- Membership in an appropriate professional organization, and
- The provider’s reputation, experience, education and training
- Government (performance) audits may be performed in accordance with the generally accepted government auditing standards (GAGAS) published by the U. S. Government Accounting Office. The applicability of these standards may depend on the government entity's needs and requirements (objective of the audit) and / or the availability of requried data. GAGAS audits will include a compliance statement in the audit report as may be appropriate.
- Performance audits including construction contracts, architectural contracts, grants, and others are conducted in accordance with GAGAS requirements as set forth in chapters 1 through 3, 6, and 7 (Chapters 4 & 5 are not applicable).