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

The technology assessment engagement

Are you working with the best technology? Do you know how to help your clients determine if their technology stack measures up? In this free report, J. Carlton Collins, CPA, explains how to answer those questions via a technology assessment engagement.

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Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.