Looking for information on the average size of internal audit departments in USA construction companies with revenue ranging between $15b and $5b annually.
1 reply
Jan 20, 2021
Your question is not entirely clear. Are you asking about contract compliance groups that track compliance with various federal and state requirements, the accounting departments in construction companies or the post contract compliance group.
Basically, a compliance officer is able to many contracts, they are busiest at the front end, setting up systems for statutory compliance. Large contractors might have half dozen folks in this area, over seen by the general counsel. If you are asking about project accountants, they can handle 1-3 jobs depending on the size of the job, the allocation of responsibility and software . The last group, post contract auditors to defend costs in a post project cost audit, tend to be small. usually 2-3, if there are real issues, the contractor will call upon their outside accountants for support.