
How CPAs Catch Cost Overruns In Construction
Send us Fan Mail We sit down with Mark Leverett, a CPA partner at BPM, to unpack how audits, FP&A, valuations, and advisory work connect across real estate, construction, and private equity. We also dig into fund administration, fractional CFO support, and what AI really changes for accounting teams and investors. • Mark’s path from UCLA and the dot-com bust into public accounting • What an independent audit and assurance report actually verifies under GAAP • How FP&A projections guide investors, bankers, and M&A decisions • The “audit antennas” mindset and how reasonableness testing uncovers issues • Real-world construction examples involving procurement and subcontractor overbilling • Agreed-upon procedures work for banks during active projects • How valuations work for entities, minority interests, and marketability discounts • How tax strategy and asset moves like tax-deferred exchanges shape planning • What Client Accounting Services means as fractional back office accounting • Fund administration basics, cap table rigor, and investor reporting workflows • Tech stacks for real estate accounting including Yardi, AppFolio, Sage Intacct, QuickBooks Online, and Allvue • Fractional CFO support from month-end close through lender and board conversations • AI in accounting, efficiency gains, and why firms still hire and train entry-level talent Hit me up directly. I’m happy to discuss it. mark at bpm.com To learn more about Tony Johnson and Timeless visit us at: https://timelessci.com/ https://timelessco.com/ https://www.linkedin.com/in/tonytimeless/ If you would like to discuss investing in Commercial Properties create a profile and schedule a call: https://timelessci.investnext.com/ Reach out to us directly at: info@timelessci.com











