Events Calendar
Audit Tools for Success: Unallowable Costs, Contract Fraud, and Improper Payments
From Monday, November 07, 2022 - 08:30am
To Tuesday, November 08, 2022 - 12:30pm
To Tuesday, November 08, 2022 - 12:30pm
Hits : 536
by This email address is being protected from spambots. You need JavaScript enabled to view it.
Contact This email address is being protected from spambots. You need JavaScript enabled to view it.
Day 1
Unallowable Costs and Contract Fraud total 4 CPE Credit hours. Learn the specific criteria used
in determining whether costs are allowable, allocable, and reasonable.
Contracting—Unallowable Costs (407/438)
QUALIFIES FOR: Yellow Book - 2.5 Credits
Participants will gain a practical and relevant understanding of accounting for unallowable cost under
State government contracts.
Learning Objectives
This course will provide an overview of the cost principles included under Federal Acquisition Regulation
(FAR) 31.2, Contracts with Commercial Organizations. The course will detail the specific FAR criteria used
in determining whether costs are allowable, allocable, reasonable and meet other requirements so that
the costs may be included in proposals or invoices submitted to the government. Specifically, the course
will cover the following main topics:
Recognize the criteria used in determining that a cost is allowable under FAR 31.2;
Understand key aspects of cost principles associated with particular types of costs under FAR
31.205;
Identify the role of the accounting system and internal controls in identifying and segregating
unallowable costs, and the need to maintain records that support the allowability of amounts
proposed or billed under government contracts;
Recognize the applicability of penalties associated with failing to properly account for
unallowable costs.
Contracting—Contract Fraud (327/340)
QUALIFIES FOR: Yellow Book - 1.5 Credits and Fraud - 1.5 Credits
Participants will gain a practical and relevant understanding of the potential for fraud in the state
government contracting environment.
Learning Objectives
This course will provide an overview of contract fraud within the state government contracting
environment. Topics will include background information on contract fraud, the responsibilities of
management and auditors regarding fraud, various contract fraud scenarios and potential fraud
indicators. In addition, this course will highlight steps auditors should consider in making fraud referrals
to investigative entities. At the conclusion of this session, you will be able to:
Describe key aspects of fraud and illegal acts as they relate to the government contracting
environment.
Describe management’s responsibilities regarding fraud and elements of an effective anti-fraud
program.
Describe the auditor’s responsibilities regarding fraud under Generally Accepted Government
Auditing Standards (GAGAS) and the referral of potential fraud indicators to investigators.
Identify features of common fraud scenarios and related fraud indicators in the government
contracting environment.
November 2022 - Day 2 -
Improper Payments: Legislation and Mitigation
On Day 2 learn the Improper Payments Information Act of 2002, the Improper Payments
Elimination and Recovery Act of 2010, and the Improper Payments Elimination and Recovery
Act of 2012.
QUALIFIES FOR - Yellow Book - 4 CPE Credits
This course will allow the participant to acquire a practical overview on trends and causes of improper
payments and review key legislation and guidance to government agencies to report information to the
public on efforts to eliminate and recover improper payments.
Learning Objectives
Participants will learn the scope of the problem today as well as the ways the Improper Payments
Information Act of 2002, Executive Order 13520, the Improper Payments Elimination and Recovery Act
of 2010, and the Improper Payments Elimination and Recovery Act of 2012 represent a decade of
legislation and regulation by the government to rein in billions of dollars in erroneous payments it
makes each year. In addition, participants will learn how Appendix C of OMB Circular A-123 provides
guidance implementing legislation and about tools such as the Do Not Pay Initiative and recapture
audits to avoid and recover improper payments. At the conclusion of this session you will be able to:
Define the nature of the problem of improper payments—e.g., cost, types of improper payment,
high error programs.
Identify key tools used by state government to identify, eliminate, and recover improper
payments.
Identify how the Improper Payment Information Act of 2002, Improper Payments Executive
Order 13520, Improper Payments Elimination and Recovery Act of 2010, and Improper
Payments Elimination and Recovery Improvement Act of 2012 have been effective in reducing
improper payments.
Identify key agency responsibilities outline in OMB Circular A-123 Appendix C to report to the
public efforts to eliminate and recover improper payments.
Government, Government Accounting, Government Auditing, Governmental, Governmental Accounting,
and Governmental Auditing
Location Online via Becker Professional Education