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CPE for Government Auditors
News & Updates

Cash Register Fraud Schemes

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A false balance is an abomination to the Lord, but a just weight is his delight. Proverbs 11:1 We are at the end of our discussion of fraudulent disbursements per the Certified Fraud Examiners fraud tree.  Please see : http://www.acfe.com/fraud-tree.aspx   for an image of the fraud tree.  So far we have covered four of the five categories [...]

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Check Tampering Fraud Schemes

One who is faithful in a very little is also faithful in much, and one who is dishonest in a very little is also dishonest in much. If then you have not been faithful in the unrighteous wealth, who will entrust to you the true riches? And if you have not been faithful in that [...]

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Possible changes to the GAO’s Yellow Book

As of this writing, in February 2017, the Yellow Book is in flux.  First the GAO will issue an ‘exposure draft’ of their government audit standards (a.k.a. the Yellow Book) to allow for public comment.  After taking the public’s comments into consideration, they will issue a final version sometime in 2017. For now, let me [...]

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Charging “Other Services” to the Federal Grantor

Please enjoy this chapter from “The New Uniform Guidance” self-study course by Sefton Boyars and Bill Allen. This chapter focuses on whether grantees can charge legal and lobbying expenses to the federal government. Boyar and Allen also cover how grantees should handle donated services and assets. Objectives:  Judge which professional service costs are allowable under [...]

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Expense Reimbursement Fraud Schemes

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We are still working through the cash disbursement schemes mentioned in the fraud tree.  For a picture of the fraud tree, see this link: http://www.acfe.com/fraud-tree.aspx. Last time we discussed the categories of fraudulent disbursements, we covered payroll schemes and billing schemes. This time we will cover the third out of five schemes classified by the Certified [...]

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Compensation for Personal Services

Please enjoy this chapter from “The New Uniform Guidance” self-study course by Sefton Boyars and Bill Allen.  http://yellowbook-cpe.com/product/cost-principles?doing_wp_cron=1481663219.2448880672454833984375 Objective: Clarify which compensation charges are allowable under a federal award and what documentation is required  General Allowability of Compensation for Personal Services Having looked at the table of contents for the cost principles, you will have [...]

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Completing the risk assessment

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Risk assessment per the Green Book is a complicated, multiple-step process.  First, you have to break the universe into small enough pieces to be able to confidently assess risk on each piece. (Remember, if your subject matter is too broad, you will have a hard time moving on to later steps.)  Next, you have to [...]

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Fraudulent Disbursements – Billing Schemes and Payroll Schemes

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More in the series on getting to know the fraud tree better. To get a better sense of where we are on the fraud tree and which branch we are talking about in this newsletter, please see the entire fraud tree at http://www.acfe.com/fraud-tree.aspx. Learn to do good; seek justice, correct oppression; bring justice to the [...]

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Selected Items of Cost – Overview

Please enjoy this chapter from the self-study book, “New Uniform Guidance: Cost Principles for Non-Profits and Governments” by Sefton Boyars and Bill Allen. If you want to earn credit for reading – see this link: http://yellowbook-cpe.com/product/cost-principles   Objective: Distinguish which costs are usually allowable and which are unallowable   General Provisions for Selected Items of Cost We [...]

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Misappropriation of Cash: Larceny & Skimming

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More in the series on getting to know the fraud tree better.  To get a better sense of where we are on the fraud tree and which branch we are talking about in this newsletter,  please see the entire fraud tree at http://www.acfe.com/fraud-tree.aspx. Objectives:  Differentiate between skimming schemes Differentiate between schemes to misappropriate cash “I was [...]

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Composition of Costs

Please enjoy Chapter 3  on Composition of Costs from the self-study book entitled “New Uniform Guidance: Cost Principles for Non-Profits and Governments” by Sefton Boyars and Bill Allen available on YellowBook-CPE http://yellowbook-cpe.com/product/cost-principles Objectives: Distinguish between an indirect cost and a direct cost The total cost of federal awards consists of the allowable direct costs of the program, [...]

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Fraud Risk Factors a.k.a. the Fraud Triangle

Fraud Triangle

In our last chapter, we discussed the fraud tree – a taxonomy of fraud created by the Certified Fraud Examiners.  Now we are going to look at another model created by the Certified Fraud Examiners which is also mentioned in the GAO’s Green Book – the fraud triangle. The GAO’s Green Book calls the three [...]

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Defining Corruption per the CFE’s Fraud Tree

More in the series on getting to know the fraud tree better.  To get a better sense of where we are on the fraud tree and which branch we are talking about in this newsletter,  please see the entire fraud tree at http://www.acfe.com/fraud-tree.aspx. Objectives:  Distinguish between the four major types of corruption and their subcategories Corruption [...]

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Fraud Risk per the GAO’s Green Book

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Just because you’re unaware of the risk, doesn’t mean it isn’t there Just because you aren’t conscious of something dangerous, doesn’t mean it isn’t lurking.   One of the most important themes of the GAO’s Green Book (and the 2013 COSO model it is sourced from) is consciousness.  Instead of just playing along with the crowd [...]

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8 Principles of Waiting

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Unoccupied time feels longer than occupied time Pre-process wait feels longer than in-process waits Anxiety makes waits feel longer Uncertain waits are longer than known, finite waits Unexplained waits are longer than explained waits Unfair waits are longer than equitable waits The more valuable the services, the longer I will wait Solo waiting feels longer [...]

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Chapter 5: Ranking What You Care About: The Risk Assessment Component

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Objectives: Define risk Define magnitude of a risk Define likelihood of a risk Apply risk, magnitude, and likelihood to a scenario Document the assessment or risk, magnitude, and likelihood 10 spots left in the Essential Skills 2-Day course in July. SIGN UP NOW. In chapter 3 we talked about risk very briefly.  In this chapter [...]

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CHAPTER 2: Tests of Cost Allowability for Federal Grants

Objectives: Judge whether an item of cost is allowable per the cross-cutting principles Detect which allowability principle has been violated Are audit reports a chore for your team? It doesn’t have to be that hard! Come to Leita’s Audit Reporting Clinic in August to get some relief. Register here. The cost principles set out the [...]

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CHAPTER 1: 2 CFR 200, Subpart E – General Principles & Basic Premises

Please enjoy this excerpt from the self-study CPE course on Yellowbook-CPE entitled, “New Uniform Guidance: Cost Principles for Nonprofits and Governments” By Sefton Boyars, CPA, CGFM and William T. Allen, CPA (ret.)   Objectives: Differentiate between principles applicable to state and local governments and nonprofits Define key government regulators and their related acronyms Sequence the four layers of [...]

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Chapter 4: The remaining dimensions of the cube

Objectives: Distinguish between management objectives Choose a finite subject matter on which to apply controls Essential Skills in Austin at Maggiano’s on July 11 & 12 Register here. A little whine with that cheese? In order to make the top and the side of the cube come alive here, I am going to talk about [...]

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Chapter 3: The Face of the Cube

COSO Model

• Distinguish between components of internal control The COSO model has three main dimensions. Let’s talk in this chapter about the dimension most difficult to grasp  – the face of the cube which lists the five components of internal control.  We will discuss the side and the top in later chapters. The five components of [...]

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