Registration Form
Status as of 9/4/2010 1:48:36 PM, Available Seats: 54 - Waiting List: 0
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Was it Fraud or Just Poor Audit Quality? The Financial Management Advisory Council, The State Auditor's Office and AGA-Olympia are sponsoring an audio conference in the John A. Cherberg Building, Senate Hearing Room 2 on October 20, 2010 from 11:00am-12:50pm. Space is limited to 80. This will be provided FREE to all participants. CPE: 2 Hours AGA, in conjunction with the National Association of State Auditors, Comptrollers and Treasurers and the Association of Local Government Auditors, is pleased to a new audio conference that addresses whether the auditors in a specific case were accomplices in a financial statement fraud. This session describes a state agency's quality review of a not-for-profit organization's A-133 audit. The case study describes the organization audited, its federally- and state-funded programs, and the CPA firm retained to do the audit. Various anomalies in the financial statements alerted state officials to potential problems, and a detailed quality review followed. Find out how the entity turned hundreds of thousands of dollars in bank overdrafts into hundreds of thousands of dollars of cash on its balance sheet. Explore other “creative” ways to deal with fixed assets, accounts receivable and related-party transactions. Were the auditors just sloppy, ignorant or negligent? Or were they active participants in producing fraudulent financial statements? You be the judge. To share his practical experience in auditing and investigating fraud, waste and abuse is David L. Cotton, CFE, CGFM, CPA, Chairman, Cotton & Company LLP. The firm was founded in 1981 and has a practice concentration in assisting federal and state government agencies, inspectors general and government grantees and contractors with a variety of government program-related assurance and advisory services. Cotton & Company has performed grant and contract, indirect cost rate, financial statement, financial related and performance audits for more than two dozen federal inspectors general (including the Government Accountability Office, Department of State, the Department of Justice, Department of Education, Drug Enforcement Administration and Department of Homeland Security). Please join us for two hours of lively discussion about this important and timely topic. In addition to the speaker’s commentary, there will be approximately 20 minutes for Q & A so that the participants can ask the speaker questions and share their own experiences. Location: John A Cherberg Building Senate Hearings Room 2 Capital Campus 215 Sid Snyder Avenue SW Olympia, WA 98504 http://www.ga.wa.gov/images/campus-map.pdf http://www.ga.wa.gov/park/visitor.htm
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