Speaker: Tom Caulfield - Chief Operating Officer - Procurement Integrity Consulting Services and ACFE Regent
Topic: Fraud Vulnerabilities in Today's Contracts
In this training, the presenter will remove the mystery from identifying procurement fraud and/or abuse by depicting the traditional procurement fraud and abuse schemes. The presenter will then overlay this with the procurement process where the schemes are normally deployed. The training will further identify procurement fraud and/or abuse schemes that require some type of collusion and will identify the associated person(s) in the process. The presenter will also highlight some of the strategies currently being used to prevent and/or mitigate corruption, fraud, and improper payment in this digital environment.
CPE: 2 hours
CPE credits are based on a 50-minute hour. CPE is offered through the ACFE as well as the Accountancy Board of Ohio (sponsor number CPE.00467). Attendees must attend 100 minutes of the meeting and answer 6 polling questions during the meeting to validate attendance.
Learning Objectives:
- Distinguish what the key characteristics of procurement fraud and/or abuse are.
- Identify where procurement fraud schemes are found in today’s contracting.
- Understand what drives, and therefore motivates, a person to commit procurement fraud and/or abuse.
- Current techniques to prevent, deter and detect procurement fraud and abuse in today’s contracting including data analytics and predictive modeling.
Prerequisites: None
Speaker Bio:
Tom Caulfield has dedicated over forty years of professional public and private services beginning in the United States Marine Corps as a Criminal Investigator and Polygraph Examiner (retired in 1998). Tom’s career continued as a civil servant in the United States Air Force, the Central Intelligence Agency, and the Council of the Inspectors General on Integrity and Efficiency. Tom retired in 2015 from federal service as a Senior Executive and after co-founded an international anti-corruption consulting firm named Procurement Integrity Consulting Services (PICS). Their clients include the United Nations Office on Drugs and Crime, World Bank, the International Law Institute and various government anti-corruption authorities in East Africa, South East Asia and the United Kingdom. Domestically, PICS has assisted government and private entities in reviewing procurement policy compliance, enhancing ethics and compliance programs, building effective whistle-blower procedures, and establishing procurement anti-fraud protocols.
With the global pandemic of COVID-19 presenting unprecedented opportunities for fraud, Tom was asked to return to federal service to build and manage the Special Inspector General for Pandemic Recovery’s (SIGPR) Office of Investigations. After accomplishing the building of SIGPR’s investigative office, he returned to his company where he uses his over four decades of anti-corruption experience in assisting both public and private entities in reducing their vulnerabilities to financial and reputational damages related to corruption and/or fraud.
He graduated from Wayland Baptist University and St. Leo College, where he received degrees in both criminology and criminal justice. He holds various certifications, some of which include Certified Fraud Examiner, Certified Inspector General, and Certified Inspector General Investigator. He is the recipient of the 2022 Association of Certified Fraud Examiners (ACFE) James Baker Award for instructor of the year and is currently on the ACFE Board of Regents.
Tom has published and co-published several articles on subjects related to the anatomy of procurement fraud, building effective investigative operations, anti-fraud with data analytics, procurement fraud schemes and the profile of the procurement fraudster. His material has been referenced in various federal reports and book publications related to procurement fraud and risk strategies.
