Red Flags of Infrastructure Fraud (AUDT8005)

Description:

The Infrastructure Investment and Jobs Act (IIJA) provides $1.2 trillion in federal spending over the next five years mostly in grants and contracts to states and local governments for Public Transit, Railways, Power Grids Electric Vehicles. Electric buses, Ferries, Airports, Waterways, Climate change, Broadband Internet, Environmental Protection, Drinking Water, and Transportation Safety. This program of fast-moving money, with untested controls provides vast opportunities for fraud and waste. Auditors, investigators, special agents, grants, and contract managers at all levels of government will need to be especially vigilant of possible schemes and red flag indicators of fraud that robs the public of funds and performance

Duration:

1 day

Level:

Intermediate

Who Should Attend?

Auditors, investigators, Special Agents, inspectors, contract, grant and program managers involved in approving IIJA project spending and monitoring or inspecting performance, compliance and fund accountability.

Credits:

0.6 CEU's, 8 CPE's

Learning Outcomes:

• Understand the basics of IIJA, the agencies, the projects, and spending
• Understand the basics of fraud and auditors’ and investigators’ responsibilities
• Identify fraud schemes and indicators that are common to federally funded projects
• Learn investigative techniques to assist agents and auditors in discovering procurement fraud
• Understand the federal, civil, and criminal statutes that fraud schemes violate
• Understand the basics of control standards, applications, and indicators of control weaknesses and vulnerabilities

No sessions scheduled

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Other Recommended Courses:

• Detection and Prevention of Fraud (AUDT8004)
• Contract and Procurement Fraud (AUDT8036)
• Making Your Case to Prosecute Fraud (AUDT8090)
• Auditing for Bribes and Kickbacks (AUDT8950)
• Auditing Grants (AUDT7407)
• Data Analytics for Fraud Detection (AUDT8915)
• Contract Auditing (AUDT8802)