Obstacles of audit activity contracting companies in the light of the revival of construction and reconstruction in Iraq

Hamad Abdul Zaid, Majid

	Obstacles of audit activity contracting companies in the light of the revival of construction and reconstruction in Iraq
AL-Qadisiyah Journal For Administrative and Economic sciences
Article 1, Volume 13, Issue 2, 2012, Pages 119-135 PDF (0 K)
Author
Majid Hamad Abdul Zaid
Abstract
The research aims to identify the theoretical aspects and practical applications to carry out construction work and from the point of view of the contractor taking form (Tower Reconstruction Contracting). As well as the impact of laws and instructions for construction work and commitment by the company as well as access to the bases adopted the accounting systems in construction accounts and the adoption of the basis of the full contract for the construction and well-priced basis (cost + profit margin). The company relies closing the accounts of some construction that is completed 100% in real terms. As well as adopt the style of closing expenses and revenues annually of commitments undertaken in accordance with (cost + profit margin), without regard to the actual completion rate, in some cases. Through field visits to a contracting models under implementation and in the course of the discussion and inquiry with the supervisors of the implementation has been reached to the importance of the progress of work program which is the basis of follow-up field upon which to report the actual completion rate for upper departments. The aim of identifying how to set up the program progress and identify the percentages and numbers of standard planned for implementation, which is the basis for the comparison between planned and measured the percentage of completion is the actual attempt to give the role of a field of destinations audit in how to enter deeply into the data analysis and obtaining evidence to prove additional enhance the value of data or disbursements compared to the actual implementation, as well as for the possibility of adapting the audit program with the implementation of the program of entrepreneurship.

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