19Track C

Red Flags of Infrastructure Fraud

• 08/30/2024
• 08:00 a.m. - 12:00 p.m.
• 4 hours

Course 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

 

What You Will Learn

Learning Objectives:

• 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

Who Should Attend?

APIPA conference sessions are intended for island government accountability professionals.  Audit, budget, finance, accounting, and related management and staff members will find interest and value in this presentation.

Instructors