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| Author : | Leita Hart-Fanta, CPA |
| Status : | Production |
| CPE Credits : | 3.0 |
| IRS Credits : | 0 |
| Price : | $50.00 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Auditing (Governmental) - Auditing (Governmental) for Course Id 1550 |
| Description : | The Little Book of Local Government Fraud is for both the professional fraud examiner and lay-man alike. Even if you know little about local government fraud, Charles Hall, CPA, CFE, MAcc, will guide you to a much better understanding of how fraud is carried out and why it happens. The government manager, the auditor, and the professional fraud examiner will find easy-to-understand prevention and detection techniques, which are complemented by a complete series of checklists. |
| Usage Rank : | 0 |
| Release : | 2020 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Local government fraud cases rise, says CIPFA survey
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| Advance Preparation : | None. |
| Delivery Method : | Self-Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 03-Sep-2020 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - 1550 |
| Keywords : | Auditing (Governmental), The, Little, Book, Local, Government, Fraud, Yellow, Book, Series, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives
Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 |
| Course Contents : | Preface Course Learning Objectives Introduction $53 MILLION AND SOME CHANGE Chapter 1: Local Government Fraud - An Overview Objectives: Thou Shalt Not Steal The Poster Child While in France Fraud—What Is It? Three Fraud Categories Abuse—What Is It? Fraud Prevention and Detection Which Fraud Is More Common? Average Local Government Fraud Damages Average Life of a Fraud Fraud—Where It Happens Stealing from Little Old Ladies Stealing While Dying The Fraud Triangle Lessons Learned Study Questions for Chapter 1 Chapter 2: General Local Government Fraud Prevention Objectives: Segregation of Duties A Simple Segregation of Duties Test Whistleblower Programs Red Flags of Fraud External Red Flags Cash Receipts and Billing Red Flags Disbursements and Purchasing Red Flags Payroll Red Flags Capital Assets Red Flags General Red Flags Hiring a Fraud Specialist—Before Fraud Occurs Study Questions for Chapter 2 Chapter 3: Transaction Level Fraud Prevention Objectives: CASH RECEIPTS AND BILLING FRAUD Decentralized Cash Collections Why? Cash Drawers Elected Officials and Collections Check-for-Cash Substitution DISBURSEMENT AND PURCHASING FRAUD Bribes How Are Governments Harmed? The Power to Buy Detecting Bribes Mitigating Corruption Fictitious Vendors Mitigating Fictitious Vendor Risk Misuse of Old Vendors Misuse of Existing Vendors Altering Check Payees How? Duplicate Payments to Valid Vendors Credit Cards Wire Transfer Fraud PAYROLL FRAUD Duplicate Payments Ghost Employees Inflating Pay Rates and Hours Worked Backdoor Thefts of Payroll Withholdings Segregation of Payroll Duties CAPITAL ASSET FRAUD Planes, Trains, and Automobiles Nip It in the Bud Capitalization Thresholds Construction Fraud Kickbacks Over-Billing Deficient Materials and Cutting Corners Mitigating Construction Fraud Study Questions for Chapter 3 Chapter 4: Detecting Fraud Objectives: Receipt Fraud Tests 1. Test Adjustments Made to Receivables Why test? How to test? 2. Confirm Checks Received Why test? How to test? 3. Search for Off-the-Book Theft of Receipts Why test? How to test? Disbursement Fraud Tests 1. Test for Duplicate Payments Why test? How to test? 2. Review the Accounts Payable Vendor File Why test? How to test? 3. Check for Fictitious Vendors Why test? How to test? 4. Compare Vendor and Payroll Addresses Why test? 5. Scan All Checks for Proper Signatures and Payees Why test? How to test? 6. Review Checks Falling Just Below Approval Limits Why test? How to test? Study Questions for Chapter 4 Chapter 5: Procuring Fraud-Related Audit Services Objectives: What an Audit Is (and What It Is Not) Solicitation of Fraud-Related Audit Services Types of Audit Services GAAS Audits Forensic Audits Internal Control Review Who Performs Local Government Audits Study Questions for Chapter 5 Chapter 6: Auditing and Certified Public Accountants Objectives: The Balance Sheet Approach Fraud Stings Auditor Lessons Learned Defining Internal Control Weaknesses How to Categorize a Control Weakness Communicating Control Weaknesses Study Questions for Chapter 6 Chapter 7: Supplemental Information Objectives: Fraud Prevention for (Very) Small Governments First, let’s look at lower cost options: Now let’s examine some higher cost options (that are usually more effective): Local Governments Internal Control Checklist General Controls Cash Receipts and Billing Controls Disbursements and Purchasing Controls Payroll Controls Capital Asset Controls Local Government Fraud Resource List Books: Reports: Internet Groups: Fraud-Related Audit Groups: Fraud-Related Blogs: Internet Search: Documents: Fraud Software: Study Question for Chapter 7 Bibliography Glossary |
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