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1. Assess the company's internal financial control systems and processes, such as accounting practices, purchase procedures, billing and accounts receivable systems, and employee reimbursement policies. 2. Review the company's contract documents and other records related to its ongoing projects. PayRead more
1. Assess the company’s internal financial control systems and processes, such as accounting practices, purchase procedures, billing and accounts receivable systems, and employee reimbursement policies.
2. Review the company’s contract documents and other records related to its ongoing projects. Pay particular attention to the scope, cost, and timeline of each project.
3. Examine records of safety compliance, permits, and licenses that may be necessary for the construction business.
4. Analyze the financial statements and financial reports, such as the balance sheet, income statement, statement of cash flows, and statement of changes in retained earnings.
5. Assess the company’s employee training programs to ensure that all employees are properly trained in construction-related activities.
6. Evaluate the company’s performance history and customer feedback to identify any areas of improvement or potential risks.
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