8 Ways Construction Contractors Get Audited For Fraud

We've explored eight ways that contractors could potentially attract financial fraud audits, including payroll fraud, the use of shell companies, underreporting income, overstating expenses, falsifying records, skimming, kickbacks/bribes, and bid rigging. We've highlighted the importance of diligent bookkeeping, accurate records, ethical practices, and the use of professional accounting services to mitigate these risks.