Seminar

Latest Developments and Recent Frauds in Government and Not-For-Profit Entities

  • Thursday, November 15, 2018

    8:30am – 4:30pm
    (Registration: 8:00am)
  • Hampton Inn - Middletown

    117 Sandhill Drive
    Middletown, DE 19709
  • 8
    CREDITS
    Auditing (Governmental), Yellow Book

This year is indeed another year of significant change in the world of government and nonprofit auditing. Time is valuable, and it’s hard to stay current in today’s rapidly changing environment. Let us save you time and effort in staying current through this informative  course. The materials utilize a highly illustrative and innovative format. Over a dozen focused exercises are included to provide an enhanced working knowledge of the latest developments in government and nonprofit auditing.

When stories of fraud make the news, they can look so obvious after the fact. Regardless of whether the fraud was material, the media and the public frequently ask how the auditor and those within the entity could not have detected the fraud. Fraud can be very difficult to detect, particularly without the luxury of hindsight. We will look at over 20 frauds that recently occurred and with the luxury of hindsight study how they happened and perhaps how they could have been prevented or detected. The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced knowledge of fraud occurring in not-for-profit entities and governments.

Objectives

  • Keep up with the latest developments at the GAO, OMB, and AICPA
  • Ensure that your auditing skills stay up-to-date with current requirements
  • Be prepared for major changes on the horizon
  • Improve your awareness of real-world frauds occurring in not-for-profit entities and governments 
  • Implement useful fraud prevention tools 
  • Perceive how real-world frauds were actually discovered

Highlights

  • The key changes and challenges contained in the revised Yellow Book 
  • Developing issues related to performing single audits under the OMB’s Uniform Guidance for Federal Awards 
  • Key AICPA developments affecting audits of governments and nonprofits and a special look at the role AU-C section 230, Audit Documentation, plays in governmental and nonprofit audits 
  • Recent frauds that occurred in not-for-profit entities involving: the theft of cash; falsified billings; improper use of credit cards; the redirection of cash and non-cash contributions; conversion of assets; the redirection of benefits; grant related fraud; and travel and expense reporting fraud  
  • Recent frauds that occurred in governments involving: falsified applications for benefits; payroll fraud; vendor fraud; kickbacks; workers compensation and risk management frauds; purchase card abuse; providing government services for personal benefit; misappropriation of utility payments; and theft of assets  
  • Tools for fraud prevention and detection

Additional Information

Designed For

Auditors and industry professionals working in the government and nonprofit environment

Vendor

Surgent

Advanced Preparation

None

Prerequisite

Knowledge of the not-for-profit and government environment

Field of Study

Auditing (Governmental), Yellow Book

Instructor

Jeffrey Lieman

Course Number

18NFPG/M

Level of Knowledge

Update/Intermediate

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