Description:
The Infrastructure Investment and Jobs Act (IIJA) provides $1.2 trillion in federal spending over the next five years mostly in grants and contracts to states and local governments for Public Transit, Railways, Power Grids Electric Vehicles. Electric buses, Ferries, Airports, Waterways, Climate change, Broadband Internet, Environmental Protection, Drinking Water, and Transportation Safety. This program of fast-moving money, with untested controls provides vast opportunities for fraud and waste. Auditors, investigators, special agents, grants, and contract managers at all levels of government will need to be especially vigilant of possible schemes and red flag indicators of fraud that robs the public of funds and performance
Duration:
1 day
Level:
Intermediate
Who Should Attend?
Auditors, investigators, Special Agents, inspectors, contract, grant and program managers involved in approving IIJA project spending and monitoring or inspecting performance, compliance and fund accountability.
Credits:
8 CPEsLearning Outcomes:
- Understand the basics of IIJA, the agencies, the projects, and the spending.
- Understand Auditors' responsibilities for fraud awareness and detection.
- Assessing the risks, controls, and environment for fraud.
- Be aware of fraud schemes and indicators that are common to federally funded projects.
- Understand the federal civil and criminal statutes that fraud schemes violate.
- Reinforce knowledge of schemes through sampling of prosecuted infrastructure cases.
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- Module 1 Basics of Infrastructure Investment and Jobs Act
- Module 2 Auditors and investigators responsibility for detecting fraud
- Module 3 Common schemes and indicators
- Module 4 Auditing and investigative techniques
- Module 5 Federal Criminal and Civil statutes
- Module 6 Control standards and weaknesses
Other Recommended Courses:
- Detection and Prevention of Fraud (AUDT8004)
- Contract and Procurement Fraud (AUDT8036)
- Auditing Grants (AUDT7407)
