Fraud in Single Audits - VIRTUAL

Overview

With all the planning, procedures, and reporting involved in a single audit, sometimes things can slip through the cracks. But what if the thing that slips through is fraud? Compiled from news releases, court records, and the thrilling annals of the Federal Audit Clearinghouse, this course tells the tale of six real-world frauds which seemingly dodged detection in the single audit process. Leveraging the incredible gift of hindsight, this course is designed to raise your awareness and sharpen your focus on the potential for fraud in single audits!

Prerequisites

Some introductory background in single auditing

Objectives

• Identify common frauds occurring in federal awards today
• Avoid losing sight of the potential for fraud occurring in single audits
• Protect governments and nonprofits from fraud

Highlights

• Study real-life misappropriations involving federal awards and how they were carried out
• The backgrounds, motivations and methodologies of the fraudsters
• Brainstorm where things went wrong that allowed the frauds to occur without prevention or detection