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AMERICAN RECOVERY AND REINVESTMENT ACT
Fraud, Waste and Abuse Solution
The ARRA has triggered the release of almost $800 billion to stimulate the economy. During the opening remarks to the House Committee on Oversight and Government Reform, Chairman Towns addressed the realism of potential fraud citing U.S. organizations annually lose 7% of revenues to fraud and waste, according to estimates by fraud experts. Applied to the recovery funds, this amounts to over $55 billion.
CGI’s Fraud, Waste and Abuse Solution
CGI’s solution incorporates our Customized Audit System (CAS 5.0) and Fraud Investigative Consulting Services that can help protect the integrity of federal, state and local programs through comprehensive tools, methodologies and consulting services that assist government organizations in the detection, investigation, prevention and resolution of fraud and abuse. The facets of our solution include:
- Fraud Investigative Consulting Services – Offers agencies the ability to augment their internal staff responsible for the oversight and accountability of stimulus funds received and disbursed. We work with agencies to enhance their infrastructure and business processes to receive, capture, distribute and follow-up on fraud and abuse allegations.
- CAS 5.0 – A web-based solution with business intelligence, data mining and fraud case tracking modules. CAS automates the entire investigative process and allows agencies to investigate, create, manage and track cases, including support for criminal, civil and administrative resolutions. A case can be started manually from an allegation called into a hotline, submitted electronically or by using the CAS 5.0 business intelligence module to identify the fraudulent claims. Using our business intelligence module and data mining, allegations and cases are analyzed within and across agencies to identify patterns and trends and send automated alerts to the auditors and investigators.
- Fraud Awareness Training – Offered to federal, state and local government organizations that are involved in the Recovery Act procurement, grant management and accountability and oversight processes.
Solution benefits
- Oversight and accountability for federal recovery money is provided through a transparent tool
- Substantial savings through the recovery of fraudulent or wasteful spending
- Increased communication and collaboration between departments and across agencies in the identification of fraud
- Allows investigators to quickly prioritize cases for faster processing
- Allows faster adjudication which in turn saves time and money—specifically taxpayer money as less funds are lost from fraud, waste and abuse
Solution resources
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