The Chicken Wing Fraud - An Analysis of Government Procurement Frauds
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
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
