Audit of finalization of construction capital services

Construction is an operation with high complexity which often takes place during a long period of time with a substantial value. Management must comply with the current regulations of the State on Investment and Construction Management. Meanwhile, there are many guidance documents for legal regulations in this field and they change constantly. This has caused many difficulties in updating and applying the latest regulations and risks for business, management boards in compliance with the regulations of the State.

ECOVIS AFA’s audit process and procedures are designed and applied on the basis of a deep understanding of the regulations of the State on Investment and Construction Management.

Our scope of Audit of Finalization of Construction Capital Services comprises the following:

• Examining and assessing the legality of the investment and compliance of the investment and construction procedures with the current regulations of the State;
• Examining the total capital of construction, annual capital distribution over construction periods, total incurred capital for construction and annual incurred capital;
• Examining finalization value of installation of construction item and total construction work;
• Examining finalization value of materials and equipment;
• Examining finalization value of investment consultancy expense, other expenses and the distribution of these expenses to construction items;
• Examining construction finalization report and finalization documents.