Published: May, 2022
The best way to tackle fraud is to learn from fraud that has occurred in the past.
Construction fraud refers to illegal business practices committed by individual contractors or contracting firms hired to renovate, repair, or (re)build residential properties.
Construction fraud in the residential sector may also be referred to as ‘home improvement scams.’ Construction fraud encompasses a range of issues, from shoddy work and using substandard materials to escalating project costs and over-billing.
Construction fraud often ends up costing the victim twice because apart from losing a significant amount to the fraudster—whose inferior work may cause damage to previously undamaged parts of a home—a legitimate firm may also have to be paid to bring the work up to standard or repair the damage.
In this CPE Audit Course, we will look at some of the cases in the headlines now. We will also talk about controls and other strategies to implement to prevent fraud from happening on your projects.
To access more webinars on Fraud, fraud detection, and fraud prevention CLICK HERE.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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.
Founder & CEO, Auspicium
Auspicium was founded as a management consulting firm specializing in audit, real estate management, facilities management and Construction Audit and construction audit cost recovery. We specialize in consulting, fraud examination, risk assessment, and training. Our founder is a recognized leader in the field and has spoken for private companies as well as for The Instiute of Internal Auditors and the Association of Certified Fraud Examiners.