In-Person Combo

Contract and Procurement Fraud + Workshop

  • Aug 22-24, 2022
  • Washington, DC
Course Level
Overview
Delivered via
In-Person
CPE
24

Description

Contract and Procurement Fraud

*Contract and Procurement Fraud Workshop optional 1-day course. Register for both events and SAVE.


The rise in contract management and the outsourcing of goods and services has created an increase in procurement fraud, which can occur at any stage of the contracting and procurement process. Appropriate controls, fraud prevention strategies and proper tendering processes are necessary in the fight against this fraud. This 2-day course will teach you the best practices for preventing, detecting and investigating contract and procurement fraud.

Organizations can be defrauded through collusion among bidders, between employers and contractors, and by sole procurement employees. Consequently, you need to be aware of the vulnerabilities and risks associated with fraud schemes that attack the purchasing, procurement and contract functions. Acquire the knowledge, skills and techniques you need to prevent, detect and deter these devastating frauds.

Contract and Procurement Fraud Workshop

Building on the foundation provided in the 2-day Contract and Procurement Fraud seminar, this workshop will provide you with an opportunity to apply your knowledge in an interactive setting. You will work through several practical exercises and case studies to finely hone your ability to prevent, detect and respond to contract and procurement fraud. From understanding the challenges of international investigations to reviewing a contract file to uncover potential fraud, this workshop provides a deep dive into the best practices of combatting threats in contract and procurement functions.

**You may register for the 2-day Contract and Procurement Fraud course alone, or with the 1-day Contract and Procurement Fraud Workshop. However you may not register for the Contract and Procurement Fraud Workshop alone. 

Prerequisites

None

Location & Venue

Event Venue

Washington Plaza
10 Thomas Circle NW Washington, DC 20005

Hotel Information

Hotel Phone: (800) 424-1140 or +1 (202) 842-1300
Room Rate: $119 single
Hotel Cut-Off: June 22, 2022

What's Included?

Events Included in this Combo:

Aug 22-23, 2022

Washington, DC

In-Person

In-Person

Contract and Procurement Fraud

  • CPE Credits: 16

Aug 24, 2022

Washington, DC

In-Person

In-Person

Contract and Procurement Fraud Workshop

  • CPE Credits: 8

CPE Information

CPE Credit: 24
Advanced Preparation: None
Delivery Method: In Person

Credit by Field of Study

Specialized Knowledge: 24

Registration & Fees

Registration Fee:
Member Price: $1045
Non-Members: $1345
Early Registration Deadline: July 22, 2022
Register by the Early Registration Deadline to SAVE USD $100!

Course Outline

Day 1

  • 9:35 a.m. - 10:55 a.m.: Legal Elements of Procurement Fraud

    If you discover a procurement scheme, how do you know if it is illegal? Has the perpetrator committed a crime? Discuss the legal statutes that are most commonly used to prosecute procurement schemes. You will also learn what civil laws may allow for litigation directly against the perpetrator and how qui tam actions may be pursued.

  • 11:10 a.m. - 12:30 p.m.: Bribery and Corruption

    Unfortunately, the payment of bribes and kickbacks occurs more often than you might think. But although they are common, they are often hard to detect and prove. Discover the most common types of corruption schemes and provide insight into how to catch them.

Day 2

  • 9:35 a.m. - 10:55 a.m.: Performance Schemes

    Once the contractor begins performing the work, a whole host of new fraud schemes open up. This session will cover schemes involving defective pricing and non-conforming goods and services.

  • 11:10 a.m. - 12:30 p.m.: Vendor Management

    Organizations need to take specific steps to reduce the risk of vendor fraud. This section covers vendor due diligence, managing via contracts, conflicts of interest and right to audit.

  • 1:30 p.m. - 2:50 p.m.: Detection and Prevention

    Procurement schemes can be difficult to detect and prevent, partly because these schemes can take on various forms, occur in any stage of the procurement process and tend to take place over a long period. Examine ways to detect the schemes and also tailor proactive procurement fraud detection and prevention programs to the specific risks within an organization.

Day 3

  • 8:00 a.m. - 9:20 a.m.: International Investigation

    You’ll begin the workshop portion of this class with a case exercise focused on international investigations. You will examine the contract requirements of an international project and review details of the company that was awarded the contract. Follow the concerns that prompted an investigation and then identify elements of potential legal offenses. We will also discuss specific players in the scheme and what legal charges you think should be brought against them.

  • 9:35 a.m. - 10:55 a.m.: Is it Administrative, Civil or Criminal?

    When investigating a case of contract and procurement fraud, a fraud examiner should be aware of the varying degrees of evidence required to meet the thresholds for administrative, civil and criminal resolutions. Through practical exercises, this session will explore the types of legal actions available in different situations and how to meet the related evidence thresholds.

  • 11:10 a.m. - 12:30 p.m.: Methods Used to Acquire Goods and Services

    Each step in the procurement process is susceptible to unique fraud risks. Building off the foundation laid in the previous 2-day seminar, this session dives deeper into the various weak points within procurement and the relevant integrity controls that can be used to prevent potential misconduct within those processes. Using an interactive exercise, you will visualize the traditional procurement processes phases and elaborate on the steps, personnel, and purpose of each phase, as well as what fraud schemes are most likely to occur in each phase and how they can best be prevented.

  • 1:30 p.m. - 2:50 p.m.: The Contract Folder

    The typical contract folder should contain numerous documents—each of which might contain red flags of fraud. During this session, you will review examples of contract documents and folders, and look for warning signs of misconduct.

  • 3:05 p.m. - 4:25 p.m.: Capstone Exercise: The "Light-House"

    Bringing all of the previous discussions together, this capstone session will give you the opportunity to apply everything you've learned. You will review a contract, identify the relevant procurement fraud risk theories, assess what schemes might be occurring and identify mitigating procurement integrity controls that can be used to help mitigate fraud risk.

Presenter

Tom Caulfield, CFE, CIG, CIGI -

Tom Caulfield

Chief Operating Officer
Procurement Integrity Consulting Services

 

Policies

Payment must be received by July 22, 2022 to receive early registration discount. 

Event Cancellation Policy

Our cancellation policy is intended to keep costs low for attendees. Due to financial obligations incurred by ACFE, Inc. you must cancel your registration prior to the start of the event. Cancellations received less than 14 calendar days prior to an event start date are subject to a $100 administrative fee. No refunds or credits will be given for cancellations received on or after the start date of the event. Those who do not cancel and do not attend are responsible for the full registration fee. Should an event be cancelled or postponed by the ACFE due to unforeseen circumstances, ACFE will process a full refund of registration fees within 30 days of such circumstances becoming known. ACFE will attempt to notify affected customers by phone and email after it determines cancellation is necessary.

Satisfaction Guarantee

ACFE seminars are unmatched in scope and effectiveness and backed by our unconditional satisfaction guarantee. If you attend an ACFE event and are not completely satisfied, please contact an ACFE Member Services Representative at MemberServices@ACFE.com or call (800) 245-3321 / +1 (512) 478-9000.

Terms and Conditions

 


nasba-events-tos-image The Association of Certified Fraud Examiners, Inc. 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.nasbaregistry.org.