This study explores and assesses the concept and practice of construction audits in Ghana. Many construction and engineering projects, either publicly or privately funded in both developed and developing countries are faced with an increase in bad procurement practices, financial fraud and corruption, design inadequacies, poor quality of work, lack of value for money, poor project inception and delivery challenges resulting in client dissatisfaction in the construction industry. The above is as a result of lack of recognition for the importance of construction audits and its practices as part of construction project management function, particularly in Ghana’s construction industry. The paper adopts a broader review of extant literature on the different concepts and views on... construction audits in the in the context of a developing country. These concepts are unified into a framework that enhances our understanding of the perceived sophisticated construction audits with a focus on Ghana. The paper identified lack of knowledge, political and financial constraints, lack of commitment on the part of construction professionals towards construction audits practices, lack of skilled and professional technical auditors, lack of public awareness and institutional acceptance, lack of government and legislative support as the emerging precincts affecting construction audits and its practice. It concludes that construction audits functions as an essential construction project control tool and its practice require a broader understanding among stakeholders in the industry. Ghana’s construction industry is one of the few industries that need to embrace value for money principles in construction project delivery. By summarising and analysing construction audits and its practice, the paper present a set of factors militating against the practice. These are useful to government, professional bodies and practitioners within the construction industry.