Audit & Consulting

Auspicium

By on Sep 16, 2014 in Auspicium, NACA |

Fraud in Capital Projects and the Construction Process Tishman, Bovis Lend Lease, and Structure Tone are companies known around the world for their quality craftsmanship and superior quality of work, but now they are becoming known for other qualities they hope will be forgotten. In many construction projects, whether residential or commercial, there is money doled out to a contractor that is not earned. But over the past few years, we in the industry are seeing construction fraud schemes hit the headlines more and more. Take the following examples: City’s Construction Giants Face Criminal Probe for Billing Fraud – July 30, 2012 – WNYC News Contractor Agrees to Pay $19.6 Million in Fraud Case – March 31, 2011 – The New York Times Building Firm Pleads Guilty to Defrauding Its Customers– April 30, 2014 – The New York Times The benefit, if there can be a benefit from fraud, is that organizations and owners are using this as an opportunity to look for fraud, find errors and more tightly control their projects. It is no longer an environment of, “Yes, I know it is happening but what choice do I have?” It is an environment of, “Yes, I know it is happening, now what can I do to stop it or to minimize my losses?” Some of the top areas for fraud in construction projects are duplicate payments, violations of conflict of interests, padded billing, fictitious vendors and payroll fraud in the form of ghost employees. Statistics on fraud versus error might be skewed, as owners are more interested in recovering money rather than pursuing prosecution. With that said, construction fraud and procurement fraud are still high ranking in the ACFE Report to the Nations. I, for one, have taken a stance to educate and train organizations about how to audit capital and construction projects, what to look for to identify a project as a problem, and the next steps to take when recoveries do not go their way. I have seen organizations take a more proactive stance in project involvement, and I have seen auditors, construction auditors or operational auditors take more of a position to question why things happen rather than just blindly accept what is said. With these steps forward, I am...

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By on Sep 20, 2013 in Auspicium |

http://www.complianceonline.com/ecommerce/control/trainingFocus?product_id=703104&channel=M3_NW_SP27_Denise_SP20_BR

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By on Aug 28, 2013 in Auspicium |

On November 14 and 15, Auspicium is offering a exciting two day (16 CPE) construction audit course called Construction Audit and Transition Management. There is still time to sign up for the Early bird discount, which has been extended to September 15, 2013. This course offers the basics around construction audit and project management and discusses an important aspect – often over looked – Transition Management. Transition management looks at how an owner takes over form the contractor, how they get the new building used (such as moving over employees) and the importance of timing your project the right away. If you were planning a new college building it would make sense to do it in May and not wait until August. As obvious as this sounds, major universities have infamous fails as they did not consider this in their projects. As for construction audit, students will learn tactics to work with management to help understand risks, time an audit, plan an audit and plan communication strategies. Learn very specific techniques that are industry specific and proven to work. Participants will talk about audit steps that provide assurance that all pillars of success are covered. Instructors will introduce you to Auspicium’s CARE® Methodology that will help the auditor increase effectiveness on the audit. The typical construction audit nets 1-3% cost savings. Using techniques taught in class students can up those numbers and help protect organizations. Students will also learn process improvement areas so that the project and project management can become more effective. If construction audit is not your thing, Auspicium can customize a training that meets the needs of your staff. Auspicium will provide this in-house to you, thus reducing travel costs. Contact Auspicium early. Courses vary but some examples are Fraud Detection, IT audit, Real Estate, Psychology of Fraud and White Collar crime, Disaster Recovery, Records., Project Management and more. Auspicium instructors are world class and are comfortable in front of large crowds. Auspicium believes in providing information that is current, engaging the class, and making it entertaining enough to provide for a positive learning experience. Recent feedback from students include “amazing presentation skills, energy level never waives,” “Wow, I can use that on our current project!”...

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By on Jul 17, 2013 in Auspicium |

Auspicium Announces A New Line of Training Courses; Auspicium is Rolling out A Program of Internal Audit and Project Management Training Courses Construction projects frequently overrun budget or schedule and problems can quickly escalate. Proper governance is the key to controlling this; even “one-off” projects need to be audited, but many organization do not have requisite resources to do so. Auspicium logo Great instructors! I learned about construction auditing and risk assessment. It was fun and informative! Fair Lawn, NJ (PRWEB) July 16, 2013 Auspicium is rolling out a program of internal audit and project management training courses. The first of these courses, Construction Audit and Transition Management, will be held at the San Francisco Union Square Hilton on November 14 and 15, 2013. This is the first of a series of expert internal audit and project management series. Training courses will teach attendees to recover overpayments that may have occurred, establish effective control, and verify sound governance in place. Attendees will also be able to network and exchange ideas in a structured situation. Previously, Auspicium has provide training for a range of organizations including: IIA UAE, NACA, ACFE and private organizations. Instructors are sought after industry leaders who extensive experience in teaching, auditing, and writing. All instructors have led audits on construction audit and project management and have seen a myriad of exceptions and scenarios. Construction Audit and Transition Management is a two day course that focuses on construction projects as well as effective transition to new sites. This is of particular importance in cases such as employee relocations, opening of new facilities, limiting disturbances to customer service, and adapting to new neighborhoods. There are many courses about construction audit but this class will take it to the next level. The class runs for two days and students will be eligible for 16 CPE hours as prescribed by the NASBA. Further information can be obtained at http://www.constructionaudittraining.com. Follow us on:...

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By on Jun 1, 2013 in Auspicium |

On November 14 and 15, 2013, Auspicium will be hosting a two day (16 hours NASB CPE) training course – Auditing Construction and Relocation Projects at the Union Square Hilton, San Francisco, CA.   The cost of attendance is  $1095 per person and includes breakfast and lunch, cocktail reception on first night and all training material.  Students who register before September 1 will receive $100 off.    In this exciting two-day course, students will learn how to audit major capital projects involving construction and relocation management.  Historically, it has been determined that auditing a project will discover approximately 1-3% of total contract spend – a significant savings that should not be ignored.  Even companies using project managers can take advantage of the techniques taught in this course.  Students will learn industry proven approaches.  Agenda and registration information will be posted shortly.  Meanwhile if you have questions, feel free to contact training@auspicium.com. Courses are eligible for NASBA credits as granted by NASBA GL# 109467.   About Auspicium:     Auspicium, LLC is a management-consulting firm that specializes in construction audit and facilities management.  We strive to provide services that exceed customer quality and value expectations for each engagement, in our areas of expertise. While the industry average for construction audit recovery ranges from 1-3%, we pride ourselves on our CARE™ methodology and experience that has helped our clients recover as much as 12% of construction spend.  Just as important is the rigor with which CARE™ focuses on the identification of project governance and other issues that can impact the success of construction projects.  CARE™  provides an efficient structure for assessing risks and controls through all phases of your project. We have created our CARE™ methodology, to facilitate the identification of construction and industry issues and risks, however, we believe each engagement is unique and deserves to be considered as such. We tailor our approach to meet your needs.  The pillars of our methodology are focused around six critical areas of project success:  cost, quality, scope, function, timing, and safety With typically over twenty years of audit experience, our professionals are recognized leaders in Construction Audit and Risk Management. About the Instructors:   Denise Cicchella, Executive Director, CCA, CIA, CFE, PMP Denise...

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