The Money Pit Tales of Construction Fraud and How to Prevent It

The Money Pit Tales of Construction Fraud
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The Money Pit Tales of Construction Fraud and How to Prevent It


Construction is a vital, $11 trillion global enterprise that touches all our lives. Billions of dollars are necessarily transacted each day in every corner of the world and in every market sector to build our economies. Surrounded by this kind of money and opportunity, it is no surprise that the construction industry maintains a rich tradition of inventive fraud schemes that are difficult to detect. While troubling, this takes on heightened importance given that many of the funds needed to construct today’s complex transportation, water, technology, power, housing and energy projects rely on public money and taxpayer dollars.
In this expanded and on-demand version of his 34th Annual ACFE Global Fraud Conference session, Wayne Kalayjian deep-dives into some recent and real-life instances of construction fraud, the schemes perpetrated and the innovative methods used to detect them. He will also decipher the distinctive terminology and documents used on construction projects, assess lessons learned and determine best practices to reduce fraud as we build a smarter construction industry.



You Will Learn How To:

Analyze actual fraud risks from real construction projects

Differentiate aspects of construction finance and accounting

Identify fraud detection, mitigation and prevention strategies for construction projects

Recall core principles, drivers and terminology of the construction industry

Recognize the types of documents and payment vehicles used at construction projects

CPE Information

CPE Credit: 2
NASBA Information: Auditing
Advanced Preparation: None
Last Updated: August 2023
Delivery Method: Online


Wayne Kalayjian - Speaker


CPE Credit

Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.

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System Requirements:

  • Internet access: High-speed connection recommended
  • Speakers required for video sound


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/


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