John Corcoran

John J. Corcoran, CPA is the Executive Director of the Construction Industry/CPAs Consultants Association (CICPAC), a national network of CPA firms dedicated to excellence in serving over 7,500 construction industry clients. Prior to joining CICPAC, John served as the CFO of construction companies in Arizona and California. He is a past president of the Construction Financial Management Association (CFMA), a recipient of its Debra Hahn Award and Danny B. Parrish Leadership Award, and founding president of CFMA’s Valley of the Sun Chapter. He was co-editor of the Journal of Construction Accounting and Taxation and is currently editor of the Construction Controller’s Handbook published by Warren, Gorham & Lamont.


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Contractors do themselves a great disservice by refusing to use a certain CPA firm because it works for competitors and do not want their company information being shared. CPAs have a code of ethics that keeps the relationship between CPAs and their clients confidential, so contractors are actually better served by a CPA firm that works for as many contractors as possible.

A CPA who handles many contractors is well-versed in the nuances of construction accounting, including the numerous and recent pronouncements issued by the Financial Accounting Standards Board (FASB).  This is more important now than ever due to the many changes in financial statement presentation.  Lack of knowledge of these changes will be evident to the users of the company’s financial statements and could affect the contractor’s credit status. Continue »