Lying, Cheating, and Stealing: Government Grant Fraud

Overview

Governmental fraud affects everyone. If you live in the United States or any of its territories, there's a good chance that the infrastructure, hospitals, schools, social services, parks, and recreational facilities in your community were funded, at least in part, through a federal grant program.

The purpose of this course is to provide a basic introduction to federal grant programs, and the related fraud risks.  We will start with a basic introduction to government grants, how they're administered, who they are intended to benefit, and what makes them especially vulnerable to fraud. Next we'll discuss how the Bipartisan Budget Act of 2018 changed the eligibility requirements for disaster recovery assistance programs, and why the policy change increases the grant program's susceptibility to fraud. Then we will move on to the 12 areas of federal grant program compliance, as published by the Office of management and budget. The course concludes with a summary of common subrecipient audit findings.

Learning Objectives

Upon completion of this course, students will be able to:

  • understand the federal grant process
  • identify each of the three stages that make up the grant lifecycle
  • recognize the roles and responsibilities of primary recipients and subrecipients in federally funded programs
  • identify the twelve compliance areas needed for proper federal grant program oversight
  • determine when recipients of federal funding must comply with federal procurement regulations
  • identify the requirements for a community center to be considered eligible to receive federal grant funds
  • identify five common findings in audits of federally funded grant programs
  • distinguish which contract types should be avoided in projects funded through a federal grant program
  • determine the proper treatment of program income
  • recognize a potential duplication of benefits

Designed For

CPAs working to expand their knowledge of federal grant programs and the related fraud risks

Prerequisites

General familiarity with auditing principles
WebCE® 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.
Find Courses Now