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Confronting Fraud in the Construction Industry

Format: Online

Fraud, considered a macro risk, has a widespread and significant influence on organizations, and in the construction industry, fraud is a fairly common occurrence. There seems to be unlimited opportunities for fraud to occur throughout the construction life cycle. This is possible due to the large number of individuals and companies involved in a construction project. According to the Association of Certified Fraud Examiners (ACFE), opportunity for fraud is at least four times higher in the construction industry than in other industries. ACFE reports that a typical construction fraud occurrence — which may include corruption/collusion, billing, and check and payment tampering — suffers a median loss of $250,000.  Many instances of fraud go undetected — until there are money problems or a dispute.

The construction life cycle involves a large number of individuals and companies, and the potential for fraud is high. This course helps internal auditors who audit construction projects learn about areas that are vulnerable to fraud, and oversight approaches that can help mitigate fraud risk.

Online:

  • October 7: 9:30 AM - 12:50 PM ET

Member Rate:$359 USD
Non-Member Rate: $389 USD

Member rate will be applied at checkout.

 

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