Open Book Accounting Principles – Alliance and Cost Based Contracts

This report was produced by CFBL Consulting, a member of IPFA. 

This report focused on the application of open-book accounting principles in a challenging economy. This includes the benefits and challenges of cost-assurance reviews and audits on major infrastructure projects during such times. We also highlight the importance of a cost assurance strategy that is aligned with company goals and a sustainable strategy for capex spending.