124  |  OSCPA Live  |  August 23

Construction Contractors: Critical Accounting, Auditing, and Tax Issues

Tuesday, August 23, 2022 8:30am - 4:00pm

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.

Virtual Option: Can't join us in person? Join us online by signing up for the virtual seminar here!

Objectives

Apply accounting and financial reporting standards to construction contractors Perform audit and review engagements for construction clients according to the Standards as efficiently and effectively as possible Identify tax compliance issues unique to the construction industry and apply the latest changes

Instructors


Designed For

Practitioners who have construction clients and professionals in the construction industry who need to be up to date on the latest information


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


This event has been canceled. If you have any questions or concerns related to this event give us a call at 405-841-3800.

Instructors

Curtis Quickel

Curtis J. Quickel, CPA, MBA, is an individual practitioner in Little Rock, Arkansas. Before establishing his own practice, he worked several years in industry as a corporate controller. As a retired Lieutenant Colonel from the U.S. Army Reserves, he taught courses at the U.S. Army Command and General Staff College in Ft. Leavenworth, Kansas. He also completed three combat tours in Iraq, Kuwait and Afghanistan. He is a past president of the Central Chapter of the Arkansas Society of CPAs and Past Chairman of the Industry and Commerce Committee. Quickel is also a past recipient of the Arkansas Society of CPAs Outstanding CPA in government award.


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