Government


The Office of the Inspector General of the Department of Defense (DOD) launched a Web site that gives guidance on using internal controls to prevent or eliminate fraud, waste and abuse. “Fraud Indicators in Procurement and Other Defense Activities” provides common fraud indicators in contracting and other areas susceptible to fraud. It also provides tips on using data mining techniques and data analysis.

The guidance and scenarios on the site  highlight key Generally Accepted Government Auditing Standards requirements, overall DOD expectations and best practices. The scenarios describe situations and indicators related to some common fraud schemes that DOD auditors might encounter. The site’s home page is www.dodig.mil/Inspections/APO/fraud/Index.htm.

SPONSORED REPORT

States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.