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Live Webcast Replay

Contract and Procurement Fraud


Total Credits: 2 including 1 Accounting - Technical, 1 Auditing- Technical

Average Rating:
   1
Categories:
ACPEN Industry Institute |  Accounting and Auditing |  Industry |  Yellow Book
Faculty:
David L. Cotton, CPA, CFE, CGFM
Course Levels:
Basic
Duration:
2 Hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

This session will focus on the most common types of fraud in the procurement and contracting arena, with a focus on fraud in construction.  The session will examine fraud vulnerabilities in the four key phases of the procurement process:

  • Presolicitation.
  • Negotiation.
  • Performance.
  • Closeout and Claims. 

Within each phase, “red flags” will be discussed.  These are the indicia of possible fraud that managers should be alert for.  Also, within each phase, the most common fraud schemes will be highlighted and discussed.  Finally, the session will describe the generally accepted safeguards or controls that should be established to prevent the various fraud schemes that can occur.  This part of the program will make extensive use of actual fraud case studies designed to demonstrate fraud risks and fraud detection strategies.

Basic Course Information

Learning Objectives
  • The major procurement phases
  • Major procurement fraud schemes and red flags
  • Procurement fraud safeguards and controls
  • Contract and procurement fraud case studies

Major Subjects
  • Procurement phases
  • Fraud schemes
  • Fraud red flags
  • Fraud control activities and safeguards

Course Materials

Faculty

David L. Cotton, CPA, CFE, CGFM's Profile

David L. Cotton, CPA, CFE, CGFM Related Seminars and Products


Dave Cotton is chairman of Cotton & Company LLP, Certified Public Accoun­tants, headquartered in Alexan­dria, Virginia.  The firm was founded in 1981 and has a practice concentration in assist­ing Federal and State government agencies, inspectors general, and government grantees and contractors with a variety of govern­ment program-related assurance and advisory services.  Cotton & Company has performed grant and contract, indirect cost rate, financial statement, financial related, and performance audits for more than two dozen Federal inspectors general as well as numer­ous other Federal and State organizations, programs, activities, and functions. 

Cotton & Company’s Federal agency audit clients have included the U.S. Government Accountability Office, U.S. Navy, U.S. Marine Corps, U.S. Transportation Command, U.S. House of Representatives, U.S. Capitol Police, U.S. Small Business Administration, U.S. Bureau of Prisons, Millennium Challenge Corporation, U.S. Marshals Service, and Bureau of Alcohol, Tobacco, Firearms and Explosives.  Cotton & Company also assists numerous Federal agencies in preparing financial statements and improving financial management, accounting, and internal control systems.

Dave received a BS in me­chanical engineering (1971) and an MBA in management science and labor rela­tions (1972) from Lehigh University in Bethle­hem, PA.  He also pursued gradu­ate studies in accounting and auditing at the University of Chicago Graduate School of Business (1977 to 1978).  He is a Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), and Certified Government Financial Manager (CGFM).

Dave served on the Advisory Council on Government Auditing Standards (the Council advises the United States Comptroller General on promulgation of Government Auditing Standards—GAO’s yellow book) from 2006 to 2009.  He served on the Institute of Internal Auditors (IIA) Anti-Fraud Programs and Controls Task Force and co-authored Managing the Business Risk of Fraud: A Practical Guide.  He served on the American Institute of CPAs Anti-Fraud Task Force and co-authored Management Override: The Achilles Heel of Fraud Prevention. Dave is the past-chair of the AICPA Federal Accounting and Auditing Subcommittee and has served on the AICPA Gov­ernmental Accounting and Auditing Com­mit­tee and the Government Technical Standards Subcom­mittee of the AICPA Profes­sional Ethics Execu­tive Commit­tee.  Dave chaired the Fraud Risk Management Task Force, sponsored by COSO and ACFE and is a principal author of the COSO-ACFE Fraud Risk Management Guide. 

Dave served on the board of the Virginia Society of Certified Public Accountants (VSCPA) and on the VSCPA Litigation Services, Professional Ethics, Quality Review, and Governmental Accounting and Auditing Committees.  He is a member of the Association of Government Accountants (AGA) and past-advisory board chairman and past-president of the AGA Northern Virginia Chapter and currently serves on the AGA Professional Ethics Board.  He is also a member of the Institute of Internal Auditors and the Association of Certified Fraud Examiners (ACFE).

Dave has testified as an expert in governmental accounting, auditing, and fraud issues before the United States Court of Federal Claims and other administrative and judicial bodies. 

Dave has spoken frequently on cost accounting, professional ethics, and auditor fraud detection responsibilities under SAS 99, Consideration of Fraud in a Financial Statement Audit.  He has been an instructor for the George Washington University masters of accountancy program (Fraud Examination and Forensic Accounting), and has instructed for the George Mason University Small Business Development Center (Fundamentals of Accounting for Government Contracts). 

Dave was the recipient of the ACFE 2018 Certified Fraud Examiner of the Year Award (“presented to a CFE who has demonstrated outstanding achievement in the field of fraud examination …  based on their contributions to the ACFE, to the profession, and to the community”); AGA’s 2012 Educator Award (“to recognize individuals who have made significant contributions to the education and training of government financial managers”); and AGA’s 2006 Barr Award (“to recognize the cumulative achievements of private sector individuals who throughout their careers have served as a role model for others and who have consistently exhibited the highest personal and professional standards”).


Dates

Fri, Apr 12, 2024 - 11:00am to 12:20pm AKDT
Tue, Apr 23, 2024 - 03:00pm to 04:20pm AKDT
Mon, May 06, 2024 - 08:00am to 09:20am AKDT
Sat, May 25, 2024 - 11:00am to 12:20pm AKDT
Sat, Jun 22, 2024 - 08:00am to 09:20am AKDT
Tue, Jun 25, 2024 - 03:00pm to 04:20pm AKDT
Wed, Jul 10, 2024 - 05:00am to 06:20am AKDT
Fri, Jul 26, 2024 - 08:00am to 09:20am AKDT
Fri, Aug 09, 2024 - 11:00am to 12:20pm AKDT
Tue, Aug 27, 2024 - 03:00pm to 04:20pm AKDT
Thu, Sep 05, 2024 - 08:00am to 09:20am AKDT
Sat, Sep 21, 2024 - 11:00am to 12:20pm AKDT
Wed, Sep 25, 2024 - 05:00am to 06:20am AKDT
Tue, Oct 01, 2024 - 08:00am to 09:20am AKDT
Mon, Oct 28, 2024 - 11:00am to 12:20pm AKDT
Wed, Nov 13, 2024 - 05:00am to 06:20am AKST
Wed, Nov 27, 2024 - 08:00am to 09:20am AKST
Fri, Dec 06, 2024 - 11:00am to 12:20pm AKST
Tue, Dec 17, 2024 - 05:00am to 06:20am AKST
Sat, Dec 28, 2024 - 08:00am to 09:20am AKST
Mon, Jan 06, 2025 - 11:00am to 12:20pm AKST
Thu, Jan 16, 2025 - 05:00am to 06:20am AKST
Sat, Jan 25, 2025 - 08:00am to 09:20am AKST
Fri, Feb 07, 2025 - 11:00am to 12:20pm AKST
Tue, Feb 18, 2025 - 03:00pm to 04:20pm AKST
Fri, Mar 07, 2025 - 08:00am to 09:20am AKST
Tue, Mar 25, 2025 - 11:00am to 12:20pm AKDT
Wed, Apr 02, 2025 - 05:00am to 06:20am AKDT
Sat, Apr 19, 2025 - 08:00am to 09:20am AKDT
Thu, Apr 24, 2025 - 11:00am to 12:20pm AKDT
Thu, May 08, 2025 - 03:00pm to 04:20pm AKDT
Mon, May 26, 2025 - 08:00am to 09:20am AKDT
Fri, Jun 06, 2025 - 11:00am to 12:20pm AKDT
Tue, Jun 17, 2025 - 05:00am to 06:20am AKDT
Sat, Jun 28, 2025 - 08:00am to 09:20am AKDT

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation  None
Designed For

Accountants and auditors at all levels

 


Original Recording Date 12/18/2023
Yellow Book Yes
Course Developer David L. Cotton, CPA, CFE, CGFM
Date Added to Catalog 12/5/2023

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Promo Video

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Overall:      4

Total Reviews: 1