Construction Project Cost Reporting Risks and How to Manage Them after SEC v. Granite Construction, Inc.
Join Sheppard Mullin and Grassi Advisors & Accountants for a discussion on the legal and accounting risks of project cost accounting used in company financial statements in light of the Securities and Exchange Commission’s recent enforcement action against Granite Construction and some of its former officers. The project cost accounting practices challenged in the SEC’s action pose substantial risks to public and private construction companies. We will review the Granite case in detail, address the applicable GAAP and SEC rules and other relevant legal implications, and discuss methods for managing the risks.
This CLE and CPE presentation is relevant to both public and private construction companies.