Fraud Risk in Construction
“Fraud Risk in Construction” Presented by
David Cook & Mark Hanrahan from Autry, Cole, Hanrahan, Hall & Cook, LLP and Steve Lovoy from Accounting, Economics & Appraisal Group
Did you know that in FY 2012 recovery on claims against the construction industry exceeded $5 billion?
GA Chapter Web Site CFMA-GEORGIA CHAPTER PO BOX 19791 ATLANTA GA 30325-0791
As financial managers, we must be vigilant in assessing and managing the risk of fraud, both within our organizations and from contracting parties. Fraud can result in financial loss, contractual default, loss of bonding and lending capacity, adverse judgments, and civil and criminal penalties. Recent legislation has substantially increased the potential exposure of contractors, subcontractors, and suppliers arising from fraud. On federal and state projects, legislation calls for very strict penalties against organizations and their employees, even without a showing of intent to commit fraud.
FISCAL 2013/2014 PRESIDENT Brandon G. Bridges
What constitutes fraud? What can happen to organizations and managers who participate in, or fail to identify, fraud? What can you do to spot fraud, and what should you do when you find it?
VICE-PRESIDENT Jeffery J. Seay
Don’t miss this opportunity to hear the answers to these critical questions!
TREASURER Antony L. Sanacory
When:
Wednesday, January 15, 2014
Registration: Lunch: Program:
11:30 AM 11:45 AM 12:15 PM
Where:
Maggiano’s Little Italy-Cumberland Mall (Address and Directions Below)
Cost:
By Jan 10th: After Jan 10th: At the door:
SECRETARY Dana S. Johns BOARD OF DIRECTORS Melvin E. BurgEs, CCIFP Leslie A. Callender, CCIFP Reuben A. Jefferson D. Bryan Johnson, CCIFP Mike Kiblinger Danny B. Parrish Andrew S. Phelps Frank E. Riggs Jr. Emily T. Scott
$40 members / $45 for non-members $45 members / $50 non-members $50
Guests from your company are always welcome at our meetings even if you can’t attend
Register online
at http://cafe.cfma.org/GeorgiaGA/Home/
Questions? E-mail Reuben Jefferson at [email protected]
By attending, you give CFMA permission to publicize your attendance and/or image at this event.
CFMA - The Source and Resource for Construction Financial Professionals
Cumberland-Maggiano's 1601 Cumberland Mall SE Suite 200 Atlanta, GA 30339-3162
The restaurant is part of Cumberland Mall on the front northwest side toward I-285.
CFMA, The Source and Resource For Construction Financial Professionals.
David Cook & Mark Hanrahan from Autry, Cole, Hanrahan, Hall & Cook, LLP and Steve Lovoy from Accounting, Economics & Appraisal Group
Did you know that in FY 2012 recovery on claims against the construction industry exceeded $5 billion?
GA Chapter Web Site CFMA-GEORGIA CHAPTER PO BOX 19791 ATLANTA GA 30325-0791
As financial managers, we must be vigilant in assessing and managing the risk of fraud, both within our organizations and from contracting parties. Fraud can result in financial loss, contractual default, loss of bonding and lending capacity, adverse judgments, and civil and criminal penalties. Recent legislation has substantially increased the potential exposure of contractors, subcontractors, and suppliers arising from fraud. On federal and state projects, legislation calls for very strict penalties against organizations and their employees, even without a showing of intent to commit fraud.
FISCAL 2013/2014 PRESIDENT Brandon G. Bridges
What constitutes fraud? What can happen to organizations and managers who participate in, or fail to identify, fraud? What can you do to spot fraud, and what should you do when you find it?
VICE-PRESIDENT Jeffery J. Seay
Don’t miss this opportunity to hear the answers to these critical questions!
TREASURER Antony L. Sanacory
When:
Wednesday, January 15, 2014
Registration: Lunch: Program:
11:30 AM 11:45 AM 12:15 PM
Where:
Maggiano’s Little Italy-Cumberland Mall (Address and Directions Below)
Cost:
By Jan 10th: After Jan 10th: At the door:
SECRETARY Dana S. Johns BOARD OF DIRECTORS Melvin E. BurgEs, CCIFP Leslie A. Callender, CCIFP Reuben A. Jefferson D. Bryan Johnson, CCIFP Mike Kiblinger Danny B. Parrish Andrew S. Phelps Frank E. Riggs Jr. Emily T. Scott
$40 members / $45 for non-members $45 members / $50 non-members $50
Guests from your company are always welcome at our meetings even if you can’t attend
Register online
at http://cafe.cfma.org/GeorgiaGA/Home/
Questions? E-mail Reuben Jefferson at [email protected]
By attending, you give CFMA permission to publicize your attendance and/or image at this event.
CFMA - The Source and Resource for Construction Financial Professionals
Cumberland-Maggiano's 1601 Cumberland Mall SE Suite 200 Atlanta, GA 30339-3162
The restaurant is part of Cumberland Mall on the front northwest side toward I-285.
CFMA, The Source and Resource For Construction Financial Professionals.
