CRC Project Forensic Accounting Update
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Tiffany Couch, CPA/CFF, CFE Acuity Group PLLC CRC Project Forensic Accounting Update
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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 - PowerPoint PPT Presentation
Transcript of CRC Project Forensic Accounting Update
Tiffany Couch, CPA/CFF, CFEAcuity Group PLLC
CRC ProjectForensic Accounting Update
Professional DesignationsCPA = Certified PUBLIC
AccountantCFE = Certified Fraud Examiner
Professional Background
What we CAN do
What we CAN’T do
Forensic Accounting
Background How we gain access to
documentsDocument 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
RCW 42.56.030Construction
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.
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
RECEIVED, but new data did not reconcile
STATUS: Still Waiting (65 days)
August 3rd – Updated
2011 Data
$130,622,247
Total CRC Expenditures
Through June 30, 2011
BACKGROUND AUDITOR FINDINGS ACUITY GROUP FINDINGS
The WSDOT Internal Audit
Report
WSDOT AUDITOR FINDINGS:
WSDOT AUDITOR RECOMMENDATIONS:
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
Call for ExpertsContract and
SupplementsTask Orders
DAVID EVANS CONTRACT
David Evans and AssociatesRate Schedule – Total Billing Rate = 304.32%
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
TASK ORDER
DESCRIPTION ORIGINAL COST
CHANGE ORDERS
TOTAL COST
AA To provide scoping of CRC Project.
$250,000 $50,000 $300,000
AB Provide services to “jump start” the CRC Project.
$100,000 $3,510,340 $3,610,340
AC Advance project to refine purpose and need, confirm alternatives for DEIS, recommendations on procurement process
$16,008,709 $343,145 $16,351,854
AD Advance project through the following key milestones: Publish DEIS, Prepare Draft and Final LPA, Prepare PE Application for New Starts, Implementation plan for delivery of final design and construction
$23,678,649 $280,055 $23,958,704
CRC TASK ORDERS
TASK ORDER
DESCRIPTION ORIGINAL COST
CHANGE ORDERS
TOTAL COST
AE To provide scoping of CRC Project task AF
$75,000 $0 $75,000
AF Advance the project through the following key milestones: IAMP Plan, Draft WA/OR Right of Way Plans, Partial Design Acceptance; FEIS Published, Record of Decision Received
$21,585,274 $11,280,765 $32,866,039
AG Scoping for SR 500 Interchange and Victory Braid for
$100,000 $0 $100,000
AH Advance the project through a DEIS, begin FEIS and biological activities.
$15,791,944 $8,741,276 $24,533,220
CRC TASK ORDERS - CONTINUED
TASK ORDER
DESCRIPTION ORIGINAL COST
CHANGE ORDERS
TOTAL COST
AI Coordinating, reviewing and presenting information to Independent Bridge Review Panel
$450,600 $161,838 $612,438
AK Support of implementing a panel of experts to review the constructability of the CRC (additional Independent Bridge Review Panel Support)
$322,500 $806,494 $1,128,994
GRAND TOTAL $78,512,676 $25,173,913 $103,686,589
CRC TASK ORDERS - CONTINUED
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?
THANK YOU!!
Tiffany R. Couch, CPA/CFF, CFEAcuity Group PLLC
www.acuityforensics.com
