Employee Fraud: Bid Rigging

Author: Robert K Minniti

CPE Credit:  2 hours for CPAs

This course will concentrate on employee fraud, specifically bid rigging. We will review the red flags for bid rigging. We will also discuss bid rigging by vendors without employee collusion. Real world examples will be provided for the participants to see how this is occurring in the business world. This course is designed for individuals who would like to refresh their understanding of bid rigging schemes and to learn how to recognize the red flags for detecting bid rigging in an organization. Understanding how employees and vendors commit fraud is the first step in preventing fraud.

Publication Date: April 2022

Designed For
CPAs, CFEs, CFFs, CIAs, CMAs, MAFFs, CGMAs, internal auditors, external auditors, managers, business owners and others in the accounting field.

Topics Covered

  • Fraud overview
  • Types of bid rigging
  • Red flags for bid rigging
  • Bid rigging in the news
  • Bid rigging laws & internal controls
  • Reporting bid rigging
  • Investigating bid rigging

Learning Objectives

  • Identify red flags for fraud
  • Identify bid rigging fraud schemes that affect businesses
  • Identify what is not part of the fraud triangle
  • Identify what is not an element of fraud
  • Identify what is not tied to bidder exclusion
  • Identify the law that prohibits restraint of trade and allows victims to recover treble damages
  • Identify what is not considered retaliation against a whistleblower

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None

Registration Options
Quantity
Fees
Regular Fee $62.00

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