- NY Credits : 3.0
- TX Credits : 3.0
Lee Ann Watters joins us to cover guarding against waste, fraud, and abuse in governmental entities. She will begin by breaking down the differences between waste and abuse, and then fraud, which carries an element of intent behind the behavior. She will look into specific examples of poor stewardship of taxpayer dollars by government employees, including lavish travel accommodations and favoring certain vendors over others because of personal connections. Lee Ann will also discuss the Yellow Book standards for reporting waste and abuse, and how they should be reported in the Schedule of Findings.
Upon successful completion of this course, the user should be able to:
identify the differences between waste, abuse, and fraud, and be able to provide examples of each, and
recognize how material abuse in a governmental entity, either quantitative or qualitative, should be reported by the auditor.