National Audio Conference: Was It Fraud or Just Poor Audit Quality?
| Date/Time: | 10/20/2010 - 2:00 - 3:50 pm | | Location: | Office of the State Comptroller, 110 State Street, Albany, NY
or
Department of Transportation, 50 Wolf Road, Albany, NY
NOTE: An ID such as a driver license is required for entry into either building. Please arrive early to allow time to check in. | | Topic: | Was It Fraud or Just Poor Audit Quality? | | Format: | National Audio Conference | | Speaker(s): | David L Cotton, CGFM, CPA, CFE | | Objectives: | To learn how auditors handle a case of fraud. | | CPE's: | 2 Credits | | Cost: | FREE fro AGA Members
$15 for Non-Members | | Prerequisites: | Some familiarity with internal controls and fraud. | | Advanced Prep: | None Required | | Field of Study: | Auditing (Government) | | NYS License No.: | 00329 | Event Details: DESCRIPTION -
AGA, in conjunction with the National Association of State Auditors, Comptrollers and Treasurers and the Association of Local Government Auditors, is pleased to offer 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.
Click here to view or download a PDF version of our event flyer
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Check to ensure that the CPE credits offered meet the requirements of your certifying organization.
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Substitutions can be made prior to events; however, non-members will be required to pay the differential rate if replacing a member. Cancellations for most Chapter events are required at least 48 hours in advance of the day of the event. No shows will be billed for the full cost of the event. All payments or government vouchers are due on or before the day of the event. You can mail prepayments to:
AGA New York Capital Chapter
PO Box 1923
Albany, NY 12201
Reimbursement of prepayments will be made if cancellations are made at least 48 hours in advance.
To cancel registration, please contact our registrar, Jessica Lynch at (518) 473-6251 or e-mail her at jessica.lynch@omr.state.ny.us
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Updated by: LBrown on 10/29/2010 11:17:21 AM
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