Spire Expert Published in California CPA Magazine on Capital Project Failure Risks

Large capital projects can involve billions of dollars in investment, multiple stakeholders, and complex contractual and financial structures. When these projects experience significant cost overruns, delays, or governance failures, the financial and audit implications can be substantial.

In a recent article published in California CPA Magazine, Spire Consulting Group’s Steve C. Morang, CCEP, CFE, CIA, CRMA examines the risks CPAs and financial professionals face when capital projects begin to fail. The article explores how complex project environments can increase the risk of fraud, misreporting, and oversight challenges, and highlights key indicators auditors should evaluate when assessing project-related financial exposure.

Drawing on industry experience and forensic insight, the piece also introduces a behavioral framework that helps explain why fraud and misconduct can emerge in large, complex projects.

Read the full article:

When Capital Projects Fail: Audit Risk Considerations for CPAs on California CPA Magazine.