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Contracting Fraud Risk Management

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Date(s): May 02, 2022
Time: 8:00AM - 4:30PM
Registration Fee: $249.00
Cancellation Date: Apr 25, 2022
Location: JOHN M. KEEL LEARNING CENTER
City: Austin
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Course Description

All businesses have fraud risks. But the very nature of procurement and contracting relationships creates opportunities for things to go wrong and remain undetected. Among the many risks that must be managed is the possibility that the supplier or contractor will take unfair advantage of the relationship and commit wrongful acts including fraud.

In this program, we'll address the fraud risks inherent in contracting, and provide solutions for managers and auditors to use on the job to help their organizations prevent, promptly detect, and effectively handle contracting risks including fraud.


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: Live
Experience Level: ALL
Category: Auditing

Course Objectives

Upon completion of this facilitated case study course, participants will be better able to:

  • Recognize fraud risks in contracting relationships

  • Discover what can go wrong in bidding and awarding contracts, subcontracts, and supply orders

  • Explore risks in service contracts - where deliverables are often difficult to measure

  • Identify exposures in owner contract billing and change order pricing

  • Explore how to diffuse "Cost is what I tell you cost is!" and other contractor arguments

  • Identify how, why, and when to audit contractors for compliance

  • Recognize the importance of securing strong management support for audits of contractors and suppliers

Detailed Course Outline

In this "how-to" course for government management and audit professionals, participants will learn about fraud risks from:

  • Special fraud risks present in government contracting for goods and services

  • Construction and other large contracting relationships

  • Fraud risks in determining needs and setting specifications

  • Fraud risks in the bid and tender process

  • Fraud risks in the awarding and performance of the work

  • Fraud risks in project billing and close-out

  • Fraud risks in lump-sum, cost-plus, and unit-price contracts

  • Fraud risks in construction and property management contracts


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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