Red Flags of Infrastructure Fraud Course

Module 1: Purpose and Scope of the Infrastructure Investment and Jobs Act (IIJA)

• Overview and purpose of IIJA and its significance in infrastructure investment.
• Key projects and funding allocations included in the IIJA.
• Examination of spending plan across various sectors (transportation, energy, broadband, water).

Module 2: Auditor’s and Reviewer’s Responsibility for Fraud Awareness and Detection

• Understanding auditor responsibilities per professional standards (GAGAS, AICPA).
• Risk assessment strategies and controls for fraud detection.
• Identifying conditions and red flags indicative of potential fraud.
• Exploring the moral climate and pressures that may lead to fraudulent activities.

Module 3: Fraud Schemes and Red Flags

• Types and categories of fraud schemes (e.g., billing schemes, bid-rigging).
• Detailed examination of fraud schemes specific to infrastructure projects.
• Common red flags indicating potential fraudulent activities.
• Strategies for identifying and addressing fraud risks.

Module 4: Federal Statutes and Remedies on Fraud Applicable to IIJA Projects

• Summary of key federal statutes addressing fraud (False Claims Act, Wire Fraud, RICO).
• Understanding legal implications and penalties of fraudulent activities.
• Procedures for collecting and presenting evidence of fraud.

Module 5: Cases of Infrastructure Fraud

• Analysis of recent infrastructure fraud cases and outcomes.
• Lessons learned from prosecuted fraud cases in infrastructure projects.
• Implications of fraud on project execution and public trust.