Course Overview:

The purpose of this training is to improve contracting, contract administration and project management. The session will address fraud and overcharge, prevention, detection and response. It will include practical approaches, defining and communicating expectations for managers and others. The desired outcome is cost containment and timely identification of problems, including fraud.

 The course includes materials adapted from our existing courses including Fraud Awareness for Managers, Auditing Contracts, as well as Purchasing Fraud: Prevention, Detection, Response and Construction Fraud: Detection, Prevention & Response.

Learning Objectives:   upon completion participants should:

• Know risks related to procurement and contracting, including current trends

• Understand their role in prevention and identification of problems

• Be able to use practical tools to assess fraud exposures in their own environment

• Know practical approaches to reduce overcharge, fraud and non-performance

Agenda:

Morning Session

• Housekeeping items, Introduction, Motivational Comments

• Getting Started Exercise - Procurement Challenges

• 15 Truths about Contracting

• Common Problems in Contracting

• The Procurement Process - Exercise

• Tasks Related to Contracting - Whose Job Is It?

• A Model for Controlling Contracts

• How Do We Know? Questions Related to Contracting

• Change & Skepticism in Contracting

• Understanding Who Steals

• Common Responses to Fraud

• Creating an Environment for Dealing with Fraud

Afternoon Session

• Why Managers Don't Detect Fraud, Overcharge & Non performance

• The Five Step Approach to Fraud Detection

• Case Examples of What Can Go Wrong

• Brainstorming Exposures for Your Area - Exercise

• Symptoms of Fraud Occurrence

• Relating Your Exposure to Symptoms & Your Processes – Exercise & Discussion

• Behavioral Red Flags of Procurement Problems

• Questions for Managers Approving Invoices

• Understanding Costs in Contracting – Examples of Exposures by Contract Type

• Cost Exceptions Identified by Auditors

• Competitive Bidding and Related Exposures

• Impact of Gifts & Entertainment on Contracting

• Why Controls Over Contracts Break Down

• Accountability - Defining Expectations

• Fraud Prevention - The Four-Step Approach
  

NASBA Certification:

Courtenay Thompson & Associates 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.learningmarket.org