Dr. Dan Kneer Advisory Group

Fraud Waste and Abuse

The Government Accountability Office (GAO) requires governmental auditors to always consider “Fraud waste and abuse” when performing the various types of governmental examinations:

• Operations

• Performance

• Program

• Compliance

• IT

• Fraud

• Efficiency or

• Financial

Well how do you "find" fraud and “see” waste and abuse? What are the proven techniques?

Audit research has proven that, ironically, you “find” fraud NOT by jumping into the weeds. Rather, fraud is first noted by the usage of analytics. Then as potential anomalies appear, you overlay metrics and benchmarks, to get a clearer picture of “reality” versus what “should be.”  We’ll learn to locate those leading indicators using proven, unbiased, management science techniques.

Remember, we need benchmarks to determine waste and abuse. After we model, and data mine for evidence, we’ll project our findings to the population.

We will also discuss the construction of preventative measures, or, at worst, an early warning system, to not let these frauds, wastes, or abuses get out of hand via the construction of a “fraud monitoring” system.

We will discuss actual business cases with huge recoveries ($330,000,000 per year to $950,000,000 over 3 years).

3639 Midway Drive, Suite B370, San Diego, CA 92110  USA
+1.619.223.1521

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Last Updated: 30 July 2010