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

Description

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.

CPE Information

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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/.