Construction Fraud: Detection, Prevention & Response
July 29-30, 2019 Dallas, TX Earn 16 CPE
Attendees will learn how to prevent wrongdoing, build fraud detection into routine audit and management practices as well as how to respond when fraud surfaces. This course includes fraud case examples, exposures and symptoms of occurrence. Special attention will be paid to addressing kickbacks and bid rigging, price fixing, billing fraud and non-performance, bribery and corruption.
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Fraud, overcharge and nonperformance cost construction project owners millions. The very nature of construction creates a myriad of opportunities for contractors and others to intentionally overbill, exaggerate cost on change orders, bribe and pay kickbacks to reduce oversight. This course teaches how to build detection of suspected wrongdoing into routine audit and management practices and improve investigative response.
Who Can Benefit From This Learning Experience
Do you want to detect construction-related fraud, including kickbacks, bid rigging, payroll fraud, product substitution, and pay to play? Do you want full management support for the most politically difficult fraud? Auditors, investigators, project managers and others have found this course to be eye opening.
The course will address many types of fraudulent activity, including:
• Kickbacks and bribery
• Bid rigging and price fixing
• Knowingly overbilling for work not done
• Intentionally overstating cost
• Overstated overhead or labor burden
• Exaggerating change orders or claims
Upon completion attendees will know:
1. Examples of construction fraud and the impact on owners.
2. Common mistakes and errors and how to avoid them.
3. The frauds frequently committed by: Contractors, Subcontractors, Suppliers, Employees of owners
4. How to build detection into routine management and audit practices.
5. A practical approach to using behavioral red flags of construction fraud.
6. Effective data analysis techniques to detect fraud.
7. How fraud is reflected in bidding, awarding work, billing and performance.
8. Indicators of bribery and methods to surface kickbacks.
9. Ways contractors beat bidding.
10. The role gifts and entertainment play in encouraging corruption.
11. What to do when construction fraud is suspected.
12. Ways to overcome roadblocks to investigations.
13. Nine elements of effective investigative response.
14. Specific steps for investigation success
Introduction to Construction Fraud
• Fraud by phase of construction
• The impact of fraud on your projects
• A model for controlling contracts
• Assessing your risk
• Defining and communicating fraud-related expectations
• Using fraud policy to promote reporting and effective investigations
• Steps for preventing construction fraud
Introduction to Detection
• How managers and auditors detect fraud
• 9 steps for encouraging fraud detection
• Why fraud goes undetected
• Building fraud detection into routine management and audit practices
• Case examples of exposures and symptoms of fraud occurrence
• Behavioral indicators of construction fraud
• Using data analysis for detection
Addressing Specific Construction Fraud Challenges
• Bid rigging and price fixing
• Corruption and pay to play in public and commercial projects
• Gifts and entertainment
• Disadvantaged Business Enterprise programs
• Organized crime in construction
Investigating Construction Related Fraud
• Dealing with management during investigations
• Elements of a complete investigation
• Investigative pitfalls and how to avoid them
• A model for proving allegations
• How to prove kickbacks
• The practical use of an investigation checklist
• Suggestions for successful investigations
REGULAR SEMINAR REGISTRATION Fee = $1,195
Registration FEE is payable to:
Construction Audit & Cost Control Institute, Inc.
3941 Legacy Drive, Suite 204 #218A, Plano, TX 75023.
Registration FEE may be paid by check, MasterCard, Visa or American Express.
Program fee includes instruction, all program materials, breakfast and lunch each day and refreshment breaks.
Monday: 8:30 am – 4:30 pm
Tuesday: 8:30 am – 4:30 pm
Cancellation and Refund
Enrollment is limited to assure maximum opportunity for participation and exchange of ideas. Substitutes will be accepted until the program starts. Cancellations will be accepted up to 14 calendar days prior to program start without incurring a $95 late cancellation fee. Full fee is charged for failure to attend when enrollment has not been canceled as specified. Contact Lynn Runyon at Courtenay Thompson & Associates, 214-361-8346 or email@example.com
All participants are eligible to receive up to 16 Continuing Education Credits (CPE’s) to fulfill professional accreditation requirements. Field of Study: Auditing. Course Level: Basic. Group-live, lecture-style seminar; no prerequisites or advanced preparation required. For information regarding CPE, complaint, or program cancellation, please contact Marie Jones at (254) 736-0309 or Rich Townsend at (972) 679-6762 or email firstname.lastname@example.org.
Construction Audit & Cost Control Institute (CAACCI) 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
Marriott at Legacy Town Center
Most of our attendees stay at the hotel for two nights and a few opt to stay over a third night.
Click here for additional photos of the Marriott at Legacy Town Center and the surrounding venues.
Click here for a Marriott Detail Sheet listing Services, Fitness & Recreation (nearby golf courses), Local Attractions & Dining.
Our group rate has expired. Call 1-800-228-9290 (Marriott Reservations)
If you have any problems making reservations for the nights you would like to stay at the hotel, please let us know and we will check with the hotel to see if they can accommodate your stay.
The seminar classes will be held at the Dallas/Plano Marriott at Legacy Town Center
7121 Bishop Rd, Plano TX 75024
Courtenay M. Thompson is a recognized authority on fraud-related training for internal auditors, management and investigators. Since entering the educational consulting field in 1981, he has written and presented courses for corporations, government and professional associations worldwide.
He is the co-developer of courses on audit and control of construction costs, and has developed and presented courses on purchasing fraud and contract auditing. His courses are known for providing practical approaches to real problems.
Mr. Thompson’s experience prior to consulting includes public accounting, audit supervisor for consumer financial services for a large retailer, and director of auditing for a life insurance company.
Mr. Thompson received his BBA and MBA degrees from Southern Methodist University and is a Certified Public Accountant. He is a member of various accounting and auditing professional associations.
Reviews from Seminar Participants
“Very practical and addresses real work/business fraud and corruption cases. The presenter’s experience in the field was the most invaluable tool in making this course the most valuable for my organization and me as a person.”
“Great discussions, cases and real world examples.”
“I really enjoyed this course. Great amount of time allotted. Great topics, organization, and structure.”
“Gave me a lot to think about.”
“Great ideas – makes me think of things we are not doing.”
Regular Seminar Registration Fee = $1,195.00
SOLD OUT: Register for Waiting List
To Register by Telephone: Call Marie Jones at (254) 736-0309
To Register by Fax: Download Faxable Registration Form
Need Assistance? Contact Marie Jones through the chat box (bottom right of screen) or