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Fraud In Construction Contracting and Procurement

 Wed, 11/21/2018 from 9:00 am to 12:00 pm
19 / 2-32095
Registration Status: CLOSED -- Please contact the VSCPA at [email protected] or (800) 733-8272 for availability.
Member Price
$99.00 Regular Registration
Your Price
$129.00 Regular Registration
Designed For:

* Understand the phases of a construction project and the procurement process* Understand the key ways that fraud can occur in each phase* understand the red flags indicating possible fraud* Understand key controls and safeguards designed to minimize the occurrence of fraud



This course will focus on the most common types of fraud in the construction procurement and contracting arena. The course will examine fraud vulnerabilities in the four key phases of the construction procurement process: Presolicitation, Negotiation, Performance, and Closeout and Claims. Within each phase, "red flags" will be discussed. These are the indicia of possible fraud that managers and auditors should be alert for. Also within each phase, the most common fraud schemes will be highlighted and discussed. Finally, the course will describe the generally accepted safeguards or controls that should be established to prevent the various fraud schemes that can occur. The course will conclude with case studies describing actual fraud uncovered in two high-profile construction projects. These case studies will illustrate several of the fraud schemes described during the course and describe how they were uncovered.

Delivery Method: Individual webcast
CPE Credit: Accounting (governmental), Auditing (governmental)
Program Level: Update

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.