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Fraud Identification, Assessment, and Risk Mitigation

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Date(s): Nov 05, 2020
Time: 8:00AM - 12:00PM
Registration Fee: $229.00
Cancellation Date: Oct 29, 2020
Location: Online

Course Description

This course provides audit professionals with tools and techniques to identify and evaluate actual and potential fraud in audited programs via data analytics, matching, and mining, to include distinguishing between true fraud, indicators, and anomalies.   

 


Potential CPE Credits: 4.0
Govt Hours: This class meets 4.0 hours of the 24-hour requirement for governmental CPE under Government Auditing Standards (yellow book), in most cases.
Technical Hours: This class meets 4.0 CPE credits of technical training in compliance with Texas Admin. Code Rule 523.102.

Instruction Type: Live
Experience Level: BEGINNING
Category: 02 Auditing

Course Objectives

Upon completion of this course, participants will be able to:

·         Scope of engagements to identify fraud and corruption indicators

·         How to conduct data reliability tests prior to mining and matching

·         Determining the difference between fraud and anomalies based on program guidelines, rules, and regulations (matching and mining)

·         Assess the impact of fraud on audited programs

 

Introduction: Basic Program Discussion

·         Program Suitability

·         Designing the Appropriate Scope and Methodology

·         Data Collection Tools and Techniques

 

Lesson 1: Objective(s)

·         Formulating Researchable Question(s)

·         Incorporating Fraud and Corruption Identifiers

·         Agency Data Requests and Collection Tools

 

Lesson 2: Data Collection and Analysis

·         Data Reliability Tests and Tools

·         Identifying Fraud Indicators

·         Applying Program Guidelines and Rules

 


Prerequisites

No prerequisites required.

Government Hours: 4.23(L)


Instructors

Wayne McElrath

Wayne McElrath is the former Director of Forensic Investigations with the United States Government Accountability Office (GAO).  During his tenure, Mr. McElrath was responsible for providing executive leadership and oversight for all GAO investigations, controls testing, and vulnerability assessments of federal funds, programs, facilities, and systems nationally and internationally.  Additionally, he managed the application of GAO’s Fraud Framework and administered the FraudNet, which is the United States government’s oldest publicly accessible hotline for the reporting of allegations of fraud, waste, abuse, and mismanagement.   

 

Prior to joining GAO, Mr. McElrath served as the Acting Assistant Inspector General for Investigations with the Environmental Protection Agency, Office of Inspector General (OIG); Special Agent in Charge of the Internal Affairs Division for the United States Postal Service, OIG and the United States Postal Inspection Service; Senior Special Agent with the United States Customs Service, the forerunner to the Department of Homeland Security, Homeland Security Investigations; and as a Special Agent with the Department of Defense, Defense Criminal Investigative Service. 

   

Mr. McElrath holds a Bachelor’s of Science in Criminology and Criminal Justice from the University of Missouri–St. Louis and a Master’s Degree in National Defense and Strategic Studies, with an emphasis in Operational Law, from the United States Naval War College.  He is a Harvard Kennedy School of Government Senior Executive Fellow and a graduate of the Office of Personnel Management’s Leadership for a Democratic Society program. Mr. McElrath also honorably served in the United States Marine Corps and the United States Army reserves.

 


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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