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CRC Project Forensic Accounting Update

CRC Project Forensic Accounting Update. Tiffany Couch, CPA/CFF, CFE Acuity Group PLLC. Professional Designations CPA = Certified PUBLIC Accountant CFE = Certified Fraud Examiner Professional Background What we CAN do What we CAN’T do. Forensic Accounting. Background

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CRC Project Forensic Accounting Update

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  1. CRC ProjectForensic Accounting Update Tiffany Couch, CPA/CFF, CFE Acuity Group PLLC

  2. Professional Designations • CPA = Certified PUBLIC Accountant • CFE = Certified Fraud Examiner • Professional Background • What we CAN do • What we CAN’T do Forensic Accounting

  3. Background • How we gain access to documents • Document Requests • May 30th – CRC Expenditures and Revenues • May 30th – Answers to Data Discrepancies • July 5th – Contractor Bids, Contracts, Invoices for 10 major vendors • August 3rd – Expenditure detail encompassing all FY 2011 CRC Project –Forensic Accounting Scope

  4. RCW 42.56.030 Construction The people of this state do not yield their sovereignty to the agencies that serve them. The people, in delegating authority, do not give their public servants the right to decide what is good for the people to know and what is not good for them to know. The people insist on remaining informed so that they may maintain control over the instruments that they have created. This chapter shall be liberally construed and its exemptions narrowly construed to promote this public policy and to assure that the public interest will be fully protected. In the event of conflict between the provisions of this chapter and any other act, the provisions of this chapter shall govern.

  5. Update on Data Discrepancies • Project Expenditures – Excel Spreadsheet Format • Total $108M • $15M not coded to a vendor name • See White Paper • $38M not coded with a specific purpose (e.g. rent expense, engineering expense, etc.) • 09-11 Biennium data - fixed

  6. RECEIVED, but new data did not reconcile • STATUS: Still Waiting (65 days) August 3rd – Updated 2011 Data

  7. $130,622,247 Total CRC ExpendituresThrough June 30, 2011

  8. BACKGROUND • AUDITOR FINDINGS • ACUITY GROUP FINDINGS The WSDOT Internal Audit Report

  9. WSDOT AUDITOR FINDINGS: WSDOT AUDITOR RECOMMENDATIONS:

  10. ACUITY GROUP FINDINGS: • Master Agreement does not discuss 4% MARKUP • Total 4% Markup Paid: $1,418,951 • 4% Paid after August 2009: $384,366 The WSDOT Internal Audit Report

  11. Call for Experts • Contract and Supplements • Task Orders DAVID EVANS CONTRACT

  12. David Evans and Associates Rate Schedule – Total Billing Rate = 304.32%

  13. April 17, 2007 • Total Labor (Man Hours) = $91,536.66 • Total Payment to DEA $280,291.35 • Difference = • $159,922 Overhead • $28,834 Profit • July 24, 2009 • Total Labor (Man Hours) = $138,469.74 • Total Payment to DEA $420,532.59 • Difference = • $234,445 Overhead • $43,618 Profit Examples of Markup on Labor

  14. CRC TASK ORDERS

  15. CRC TASK ORDERS - CONTINUED

  16. CRC TASK ORDERS - CONTINUED

  17. Continue analysis on task orders and change orders – determine vendors paid • Continue to seek out critical documents for analysis • Expenditure data per WSDOT electronic records • Affected Properties Now What?

  18. THANK YOU!!Tiffany R. Couch, CPA/CFF, CFEAcuity Group PLLC360.573.5158tcouch@acuityforensics.comwww.acuityforensics.com

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