The Impact of the New Improper Payments Elimination and Recovery Act to Eliminating Fraud

Broadcast Date: Tuesday, April 05, 2011 from 12:00 pm to 2:00 pm (ET)

Overview:

The Improper Payments Elimination and Recovery Act (IPERA) was signed into Law by President Obama on July 22, 2010. It aims to reduce wasteful payments to individuals and contractors by $50 billion until 2012. Under the IPERA rules, companies must adhere to a whole host of new standards including monitoring and measuring the performance of annual risk assessments.

It’s clear that companies and agencies must have a thorough understanding of the new IPERA provisions as well as its potential impact to their business relations.

The Knowledge Group is assembling a panel speaker experts and regulators who will share their thoughts in a two-hour webcast. A live interaction with the audience in a question and answer format is also included in this event. Whether you agree with the law or not, one thing is certain, missteps could result in large penalties and fines (not to mention unflattering PR) if you don’t get this right.

Don’t take any chances when it comes to this law! Sign up for this course and be in the know. Click the “Register” button below as space is limited and significant discounts apply to early registrants.

Agenda:

Jeffrey C. Steinhoff, CGFM, CPA, Executive Director, Government Institute, Managing Director, Federal Advisory Practice,
KPMG LLP

The Evolution of the Focus on Improper Payments
- GAO and IG Audits
- Legislative Framework
- Presidential Call for Action
A Practical Look at What Government Agencies Can to Address the Presidential Call for Action
- There is No Silver Bullet
- The Responsibility of Program Managers and Role of the CFO
- At the Heart of Reducing Improper Payments: The Role of Risk Management
- Continuous Monitoring: A Key Management Ally in the Fight Against Improper Payments
- Data Sharing Can Help Reduce Improper Payments by Enhancing Business Intelligence

Joseph D. West, Partner, and Co-Chair of the Government and Commercial Contracts Practice
Gibson, Dunn & Crutcher LLP

Recovery Audit programs undertaken by the federal government
- Late 1990’s DOD Pilot Program
- Medicare Recovery Audit Contractor Program
- Department of Education current RFI to industry in response to IPERA
DOD Pilot Program
- Role of recovery auditors
- Statistics regarding recoveries
Medicare Recovery Audit Program
- Lessons learned
- GAO assessment
Current DOE RFI
- Requests to industry
- Input from DOE
Personal experience with DOD Pilot Program
- Aggressive position taken by auditor
- Difficulties in negotiating resolution with contracting officer
- End result via mediation

Who Should Attend:

General Counsel
Compliance Officers
Internal Control
Executive Management
Federal Advisory Consultants/Attorneys
Fraud Examiners
CPAs
Government Financial Managers
Financial Consultants and Advisors

Jeffrey C. Steinhoff, CGFM, CPA Executive Director, Government Institute Managing Director, Federal Advisory Practice KPMG LLP

Joseph D. West Partner, and Co-Chair of the Government and Commercial Contracts Practice Gibson, Dunn & Crutcher LLP

Joseph D. West is the Co-Chair of the Government and Commercial Contracts Practice Group of Gibson, Dunn & Crutcher LLP, …

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Course Level:
Intermediate

Advance Preparation:
Print and review course materials

Method of Presentation:
On-demand Webcast (CLE)

Prerequisite:
NONE

Course Code:
104079

Total Credits:
2.0 CLE

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