Richard L. Townsend
Rich Townsend is the President of R. L. Townsend & Associates, Inc., which has been in continuous operation since July 1984.
Mr. Townsend's experience includes conducting contract compliance audits and construction cost control consulting services in connection with construction and design contracts for multi-million dollar manufacturing facilities, university facilities, school district facilities, regional shopping centers, apartment complexes, office buildings, hotels, convention centers, airports, banks, hospitals, warehouse distribution facilities, retail stores, office interior finish work, theme parks, and land development projects.
Rich is affiliated with Courtenay Thompson & Associates for the purpose of providing professional development training seminars on construction auditing and construction cost control. Since 1978, he has been active as an instructor for several of the professional development programs sponsored nationwide by The Institute of Internal Auditors, Inc. He also conducts many in-house training seminars related to controlling and auditing construction costs.
He is the co-developer and instructor of The IIA's construction related courses entitled, "Effective Auditing of Construction Activity." He is also the co-developer and instructor for the course entitled Controlling Construction Costs which is sponsored by The University of Wisconsin's School of Business Management Institute.
Prior to establishing his consulting firm which specializes in this area in 1984, he spent thirteen years with the auditing department of JCPenney. During his thirteen year internal auditing career, he served in several staff and audit management positions with a specialization in real estate and construction audit activity. He began working on real estate and construction contract cost control and contract audit related matters in 1972.
Mr. Townsend is a Certified Internal Auditor. He is a 1971 graduate of Waynesburg College (Waynesburg, Pennsylvania) where he obtained a Bachelor of Science Degree with a major in accounting.
He is a recognized leader in the profession of internal auditing and a very active member in the Dallas Chapter of The Institute of Internal Auditors, Inc. In 1984, The Dallas Chapter of The Institute of Internal Auditors, Inc. presented him with their "Outstanding Contribution to the Profession of Internal Auditing" award. In 1983, he received a best subject matter award for a technical session entitled "Performance of Construction Audits" which he presented at the North American Conference for The Institute of Internal Auditors, Inc. In 1978, he was named "Outstanding Member of the Year" by the Dallas Chapter of The Institute of Internal Auditors, Inc.
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