FAC Fraud Detection & Prevention 2

Question 1

Which federal statute is the primary law used to prosecute contractors who submit false claims to the U.S. government?

Accepted Answer

False Claims Act

Answer

The False Claims Act (31 U.S.C. § 3729) imposes liability on individuals and companies who defraud the federal government by submitting false claims for payment.

Question 2

A contractor bills the government for 1,000 units of a product but only delivered 800. This is best described as:

Accepted Answer

Overbilling fraud

Answer

Overbilling fraud occurs when a contractor charges for goods or services not actually delivered or performed.

Question 3

Under the Procurement Integrity Act, for how long after a procurement are former officials prohibited from receiving compensation from the winning contractor?

Accepted Answer

1 year

Answer

The Procurement Integrity Act prohibits former officials from accepting compensation from award recipients for one year after the procurement.

Question 4

Which of the following best describes 'labor mischarging' in a government contract?

Accepted Answer

Charging labor costs from one contract to another contract

Answer

Labor mischarging involves allocating labor hours or costs to a government contract that were actually worked on a different contract or project.

Question 5

An agency's Inspector General (IG) is primarily responsible for:

Accepted Answer

Investigating fraud, waste, and abuse within the agency

Answer

Inspectors General are independent watchdogs who conduct audits and investigations to detect and prevent fraud, waste, and abuse within federal agencies.

(FAC) Federal Acquisition Certification Practice Test

(FAC) Federal Acquisition Certification Practice Test

FAC Fraud Detection & Prevention 2