Frequent Frauds Found in Government (Currently Unavailable)

Author: Robert K Minniti

This on-demand course is designed for individuals who would like to obtain a basic understanding of how fraud affects governmental entities. We will discuss governmental frauds from the news including how the criminals committed the frauds. Examples of real world cases will be provided to help develop an understanding of the risks governments face from fraud. Participants will be introduced to the fraud triangle and occupational fraud with an emphasis on fraud in governments. We will review internal controls that can help to prevent and detect fraud in governmental entities.

Publication Date: April 2018

Designed For
CPAs, CFEs, CFOs, directors, department managers, auditors, bookkeepers, staff accountants and others working with governmental entities.

Topics Covered

• The Fraud Triangle
• Element of Fraud
• Predication of Fraud
• Methods for Committing Financial Statement Fraud
• Occupational fraud with an emphasis on fraud in governments
• Government Risks
• Skimming
• Lapping
• Government Contract Fraud
• Government Benefits Fraud
• Medicare Frauds
• Social Security Frauds
• Worker's Compensation Frauds
• Unemployment Fraud
• Case studies of Fraud
• Tax Frauds
• Tax Return Identity Theft
• Asset Misappropriations
• Examples of Employee Payroll Frauds
• Data Breaches and How They Occur
• CryptoLocker
• Ransomware
• Phishing
• Money Laundering
• Corruption and What is Costs
• Conflicts of Interest
• Bribery Example
• Voter Fraud

Learning Objectives

• Identify how fraud affects Governments
• Recognize various occupational fraud schemes
• Identify red flags for fraud
• Describe internal controls that can help to prevent and detect fraud in governmental entities
• Differentiate parts of the fraud triangle and who controls what
• Recognize why governmental organizations may be more susceptible to fraud than other types of organizations
• Identify effective ways to prevent fraud from occuring
• Describe types of fraud typically involved in identity theft
• Identify what phishing, ransomware, and malware all have in common
• Differentiate examples of government corruption
• Recognize the most common type of occupational fraud
• Identify risks of fraud unique to governmental entities
• Describe which type of fraud involves misclassification of property
• Recognize types of billing fraud
• Recognize who student loan fraud is typically perpetrated by
• Identify common types of income tax fraud
• Describe what tax return fraud typically involves
• Recognize who can encourage use-it-or-lose-it budgeting
• Describe Pay to Play
• Recognize how most fraud is detected

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (Governmental) (1 hour), Auditing (Governmental) (1 hour)

Program Prerequisites
None

Advance Preparation
None