Was It Fraud or Just Poor Audit
Quality?
Oct. 20, 2010
2
CPE Hours Available!
AGA, in
conjunction with the National Association of State Auditors,
Comptrollers and Treasurers and the Association of Local
Government Auditors, is pleased to a new audio conference that
addresses whether the auditors in a specific case were
accomplices in a financial statement fraud.
This session
describes a state agency's quality review of a not-for-profit
organization's A-133 audit. The case study describes the
organization audited, its federally- and state-funded programs,
and the CPA firm retained to do the audit. Various anomalies in
the financial statements alerted state officials to potential
problems, and a detailed quality review followed. Find out how
the entity turned hundreds of thousands of dollars in bank
overdrafts into hundreds of thousands of dollars of cash on its
balance sheet. Explore other “creative” ways to deal with fixed
assets, accounts receivable and related-party transactions. Were
the auditors just sloppy, ignorant or negligent? Or were they
active participants in producing fraudulent financial
statements? You be the judge.
To share his
practical experience in auditing and investigating fraud, waste
and abuse is David L. Cotton, CFE, CGFM, CPA, Chairman,
Cotton & Company LLP. The firm was founded in 1981 and has a
practice concentration in assisting federal and state government
agencies, inspectors general and government grantees and
contractors with a variety of government program-related
assurance and advisory services. Cotton & Company has performed
grant and contract, indirect cost rate, financial statement,
financial related and performance audits for more than two dozen
federal inspectors general (including the Government
Accountability Office, Department of State, the Department of
Justice, Department of Education, Drug Enforcement
Administration and Department of Homeland Security).
Please join us
for two hours of lively discussion about this important and
timely topic. In addition to the speaker’s commentary, there
will be approximately 20 minutes for Q & A so that the
participants can ask the speaker questions and share their own
experiences.
Date:
Wednesday, Oct. 20, 2010
Time: 2 –
3:50 p.m. Eastern Standard Time
Learning
Objectives: To learn how auditors handle a case of fraud
Prerequisite:
Some familiarity with internal controls and fraud
Advance Prep:
None required
CPE: Two
credit hours
Field of
Study: Auditing (Government)
Cost: $249
per site (UNLIMITED ATTENDANCE) if you register on or before
Friday, Oct. 15, 2010 and $299 thereafter.
SPECIAL PROMOTION:
Government agencies and CPAG members registering five or more
offices will receive a 20 percent discount ($200 per site).
To Register:
Registration is now closed.
This audio conference offers important information to almost
everyone in the accountability profession. Please share this
program announcement with others in your government, chapters,
educational institutions and private firms. Remember, there is
no limit to attendance per phone site. If you have any questions
regarding registration, please contact
Maria Lucas at
1-800-242-7211 ext. 308. Questions regarding the program should
be directed to Raymond Harris
at ext. 339.