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2021 AICPA & CIMA Forensic & Valuation Services Conference

FVC2151 - Government Benefits Related Fraud

Nov 10, 2021 10:10am ‐ Nov 10, 2021 11:25am

Standard: $49.00


As the global coronavirus pandemic enters its second year, state and local government agencies remain at the forefront of distributing emergency aid to individuals who have lost their jobs, are going hungry, and may be facing eviction or foreclosure. Unfortunately, with billions of dollars approved for COVID-19 relief aid, fraudsters and scammers have a huge opportunity to divert that money from the people who need it and make themselves rich. Given the urgent demand for relief, governments can focus on deployment rather than controls which creates many opportunities for fraud. The types of Fraudsters in this area can include government staff responsible for distributing funds, citizens / companies who falsify applications to obtain funds they are not entitled to, those who engage in identity theft to apply for funds on behalf of others etc. In this session, we will review the most prevalent types government benefits related frauds that have occurred during the COVID 19 pandemic and the prevention tactics that can be implemented to reduce these fraud types in the future.

Learning Objectives:
  • Review and understand the most typical fraud practices used to access government relief funds related to COVID 19 in Canada and the United States.
  • Understand certain prevention tactics that can implemented by governments to reduce or eliminate fraud.
  • The role of the forensic accountants in both detecting and preventing fraud perpetrated to access government relief funds.


​Speaker - Virtual(s):

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