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Procurement and Contracting Fraud Prevention and Detection

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Date(s): Apr 16, 2018
Time: 8:30AM - 5:00PM
Registration Fee: $249.00
Cancellation Date: Apr 09, 2018
Location: JOHN M. KEEL LEARNING CENTER
City: Austin

Course Description

All business entities have fraud risks, but exposures in government procurement and contracting top the list of what can go wrong. Among the many fraud risks that must be proactively managed is the possibility that third party suppliers and contractors will take unfair advantage of the relationship, entice employees into questionable practices, and commit wrongful acts or outright fraud.

This program addresses the fraud risks inherent in government procurement and contracting, and will present solutions for auditors and managers interested in guarding their organizations against the costs and other negative consequences of misconduct and fraud. Short on theory and long on practical ideas, the program will give participants the tools and techniques they need “on the job”. Case examples will highlight not only what can go wrong, but what participants can do about it in their own organizations.


Potential CPE Credits: 8.0
Govt Hours: This class meets 8.0 hours of the 24-hour requirement for governmental CPE under Government Auditing Standards (yellow book), in most cases.
Technical Hours: This class meets 8.0 CPE credits of technical training in compliance with Texas Admin. Code Rule 523.102.

Instruction Type: Classroom
Experience Level: ALL
Category: Auditing

Course Objectives

In this “how-to” course for government management and audit professionals, participants will learn:

  • Real world examples of fraud in government procurement and contracting
  • How to create and maintain an anti-fraud procurement environment
  • Advantages and disadvantages of lump sum, cost-plus, T&M, and unit pricing deals
  • How to screen potential suppliers and contractors
  • Examples of fraud in bidding and awarding contracts, subcontracts and supply orders
  • Fraud risks in construction contracting and billing
  • Exposures in change orders and pricing
  • Why to make your Code of Conduct part of the deal

 

Seminar topics include:

  • Anti-fraud controls and behaviors for procurement and contracting
  • How to create and maintain an anti-fraud procurement environment
  • How to screen potential suppliers and contractors
  • Why and how to audit suppliers and contractors
  • How to implement a Vendor Assurance Program
  • Effective audit steps for procurement and contracting
  • Steps for dealing with possible collusion, bid rigging and price fixing
  • Steps for dealing with management resistance to an active procurement audit plan

Prerequisites

No prerequisites required.

Instructors

John Hall

John J. Hall, CPA is the founder and President of Hall Consulting, Inc. and the author of The Anti-Fraud Toolkit and the award-winning book “Do What You Can! Simple Steps – Extraordinary Results”

 

John specializes in skills training programs and conference presentations for CPAs, management groups, government and internal auditors, and professional associations. He also coaches business and audit professionals in how to increase their effectiveness, clarify and meet their business and personal goals, and move their careers forward.

 

Mr. Hall has 40 years of experience as a consultant, speaker, auditor and business owner. He has worked in senior leadership positions in large corporations and international public accounting firms. He is a member of the National Speakers Association, the American Institute of CPAs, and the Institute of Internal Auditors.

John is a Certified Board Advisor and Managing Director of the Center for Strategic Business Integrity (www.CenterSBI.com)

 

Meet John at www.JohnHallSpeaker.com. Email John at John@JohnHallSpeaker.com.


Additional Information

TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.

If you are making travel plans to come to Austin, we recommend making "refundable" air and hotel reservations or waiting until 14 days before the class to actually book your reservations. Courses are occasionally canceled or rescheduled due to low enrollment. We determine whether a course has enough participants 16 days prior to the course date. If we cancel or reschedule, we will email the participant and his or her billing contact no later than 14 days before the original class date.

The course coordinator will contact you with parking information. Handicapped parking is free at the meters around the downtown area.

Vending machines with Coca-Cola products and various snack items are available. There is also a refrigerator and microwave in our coffee bar area. Feel free to bring in your own drinks and food if you prefer.

You might want to bring a light sweater or jacket, as room temperatures vary.

To see answers to our Frequently Asked Questions, visit http://www.sao.texas.gov/training/faq.html.


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