Course Information
Fraud Awareness and Prevention Strategies for Government Auditors
Course Description
This training course is designed to equip learners with the knowledge and skills necessary to detect, prevent, and respond to fraud. Participants will gain an understanding of the various forms of fraud, the underlying factors that contribute to fraudulent behavior, and the best practices for implementing effective fraud prevention and detection strategies. Through a combination of theoretical insights, practical examples, and interactive discussions, participants will learn how to identify red flags, assess fraud risks, and enhance their organization's internal controls.
Course Objectives
Objectives:
Define and identify various types of fraud.
Understand the factors that contribute to fraudulent behavior.
Identify effective internal controls to prevent and detect fraud.
Learn from real-world fraud cases.
How to develop and implement fraud prevention strategies.
Outline:
Legal responsibilities of auditors
Ethical considerations in fraud detection and reporting
Fraud Prevention Strategies
Creating a culture of integrity
Regular audits and robust internal controls
Collaboration and Communication
Importance of teamwork in fraud prevention
Prerequisites
No prerequisite required.
YB 4.23 (L)
Instructors
Emilie has more than 22 years of experience in providing forensic accounting and fraud examination services to both regulated industry and private clients. She specializes in leveraging data analytics to uncover financial discrepancies and fraudulent activities, performing complex financial investigations, performing document searches and utilizing analytical tools and methodologies to conduct thorough examinations and provide actionable insights. She also has extensive experience performing fraud risk assessments, internal control reviews, litigation support, and anti-fraud and ethics training.
Technical experience
• Forensic Accounting: Proficient in investigating and analyzing financial records, identifying discrepancies, and tracing fraudulent activities.
• Fraud Examination: Skilled in conducting comprehensive fraud examinations, including asset misappropriation, corruption, and financial statement fraud.
• Data Analytics: Expertise in applying data analytics techniques and tools, such as Excel, SQL, and Access, to detect patterns, anomalies, and trends indicative of fraud.
• Reporting and Documentation: Ability to prepare detailed reports and presentations, effectively communicating findings to stakeholders and providing recommendations for corrective actions.
• Risk Assessment: Capable of assessing financial risks and implementing control measures to mitigate potential fraud and support financial integrity.
• Experience serving clients
• U.S. Department of Justice – Supported more than 30 Native American tribal trust cases against the United States by providing litigation consulting services and records management services to United States attorneys and preparing economic damage calculations for use in litigation and arbitration.
• U.S. Department of the Interior (DOI), Office of Historical Trust Accounting – On behalf of Native American tribal trust accountholders, reconstructed and validated electronic historical financial accounting records from four separate systems, determined ownership of accounts, distributed over $47M of historical funds held in trust by the United States, and developed applications and procedures for on-going account maintenance.
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• Tribal and nonprofit clients – Reconstructed, analyzed, and reviewed financial data from multiple sources to determine client exposure to fraudulent schemes, potential universe of impacted individuals, and volume of fraudulent activity.
• Tribal and nonprofit clients – Internal control review/assessment, review of federal grants and contracts to confirm compliance with applicable regulations, review of supporting documentation on a sample basis to determine proper recording of funding received.
• Private business and individual clients – Performed detailed fraud examinations, investigating allegations of financial misconduct and asset misappropriation. Applied data analytics techniques to scrutinize large datasets, identifying patterns and anomalies indicative of fraudulent activities.
• Expert Witness Experience
• George C. Alderete, et al. v. Sparta Insurance Company, et.al, State of New Mexico County of Santa Fe First Judicial District Court, No D-101-CV-2017-02532 (Expert Report); breach of contract
• Dora L Iverson v. Sharon Poliquin, Individually and as Trustee of the Betty Lou Weston Trust for Dora L. Iverson, Circuit Court of the Tenth Judicial Circuit in and for Polk County, Florida, No. 53-2023CA-005401 (Expert Report); statutory final accounting of the trust
• Chris Parker and Shannon Parker v. Woods Design Builders, Inc. a New Mexico Corporation, Shane Woods in his personal capacity; and Rob Woods in his personal capacity, State of New Mexico County of Santa Fe First Judicial District Court, No D-101-CV-2022-01841 (Expert Report and mediation); breach of contract
Bhakti serves as the managing principal of the Austin, Texas office as well as the principal in-charge of state and local government assurance for Texas. She focuses on providing governmental auditing and accounting services and has more than 23 years of experience in accounting, auditing, and compliance services. She has served as the Engagement Principal for the State of Texas Federal Statewide Single Audit for the past six year.
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.
To see answers to our Frequently Asked Questions, visit Texas State Auditor's Office - Professional Development FAQs