You have to ask how it is possible for a government employee to misappropriate $1.5 million in chicken wings or $1.3 million in fajitas from their government employer. This course will explore the issues with government procurement. We will discuss how it occurs, with real examples from the news. We will discuss the red flags for identifying procurement as well as the internal controls a government can put in place to help prevent and detect procurement fraud.
Publication Date: October 2024
Designed For
This course would be appropriate for CPAs, CFEs, CMA, CIAs, CFFs, MAFF, CGMAs, CFOs, CEOs, internal auditors, external auditors, government accountants and others involved in the procurement process.
Topics Covered
- Fraud Review
- Corruption
- Types of Procurement Fraud
- Types of Bid Rigging
- Red Flags for Procurement Fraud
- Reporting Fraud
Learning Objectives
- State the definition of procurement fraud
- Identify the red flags for government procurement fraud
- Identify how to prevent and detect government procurement frauds
- Identify who developed the fraud triangle theory
- Identify the type of corruption that involves the misuse of political office
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.