Fraud Policy is One Way to Address Construction Fraud

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Coverage of fraud policy will be enhanced in CAACCI’s “Construction Fraud: Detection, Prevention and Response” seminar offered April 3-4, 2018 in Dallas, Texas.

"Construction Fraud: Detection, Prevention & Response," April 3-4, 2018 in Dallas, Texas

Construction fraud is worth the owner's attention...fraud can increase costs, lead to failed projects...

The “Construction Fraud: Detection, Prevention & Response” seminar, offered through the Construction Audit & Cost Control Institute (CAACCI) will include an increased emphasis on fraud policy. Fraud policy is the starting point for organizations committed to minimizing fraud and effectively responding when fraud surfaces. Recent events remind us of the importance of policy in effective response and discouraging mishandling and cover up. Read our article, “7 Reasons Construction Fraud Merits Attention.”

“Construction fraud is worth the owner’s attention,” says Courtenay Thompson, course developer and instructor. “Fraud can increase costs, lead to failed projects and has been used to fund payoffs to elected officials and executives. Organizations often seem unable to protect themselves and their stakeholders.”

“There is a big difference between word and deed,” Thompson continues. “The words and intent of the contract sometimes are not followed. Described inspections and measurement are not conducted, and approval of pay applications is perfunctory. All these lead to trouble for the owner and the contractor.”

What is the greater risk? Not knowing, or knowing and doing nothing? Owners benefit from knowing specific exposures to construction fraud, how and why things go wrong, practical ways to prevent fraud and effective ways to respond. "Construction Fraud: Prevention, Detection and Response" provides all this and more.

This seminar is led by Mr. Courtenay Thompson, and sponsored by The Construction Audit & Cost Control Institute (CAACCI). This 2-day course will be offered April 3-4, 2018 in Dallas. Earn 16 CPE upon completion. A $25 early registration discount is available until March 5.

Click here for more information including online registration, course outline and venue.

Seminar Leader, Courtenay M. Thompson
Courtenay Thompson, of Courtenay Thompson & Associates (ctassoc.com), is a recognized authority on fraud-related training for internal auditors, management, and investigators. Since entering the educational consulting field in 1981, he has written and presented courses for corporations, government, and professional associations worldwide. He is the co-developer of courses on audit and control of construction costs and has developed and presented courses on purchasing fraud and contract auditing. His courses are known for providing practical approaches to real problems.

The Construction Audit & Cost Control Institute (CAACCI) of Dallas, Texas has been providing public offering and in-house professional development training seminars in affiliation with Courtenay Thompson & Associates since 2008. The principal instructors (Courtenay Thompson and Rich Townsend) have been providing construction audit and fraud professional development training to management and auditors for over 30 years. CAACCI members include project management and construction audit representatives from a wide range of private and public organizations. For more information on our construction audit and construction fraud seminars, go to caacci.org.

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