Combating Procurement Fraud

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Course Overview

The detection and reduction of procurement fraud requires an understanding of what procurement is, what constitutes fraudulent behaviour, and where fraudulent activities can be located. We can then look at reduction methodologies and detection tools and techniques.

Procurement systems are susceptible to bribery and corruption. Fraud within the procurement life cycle is high risk and often becomes embedded within the organisation and can result in recurring losses. This type of fraud also requires some form of insider collaboration which puts your organisation at risk. This means that the fraudsters may know your company processes and confidential insider information.

 

Who Should Attend

  • Chief Procurement Officer
  • Chief Internal Auditor
  • Head of Procurement
  • Head of Department for Auditing
  • Accounting Manager
  • Purchasing Manager
  • Forensic auditor
  • Investigation auditor
  • Financial auditor
  • IT auditor
  • Internal audit manager
  • Internal audit and compliance
  • Project audit manager
  • Project Manager

 

 

Who Key Issues to be Addressed

  • Understanding what fraud is
  • Identifying red flags of procurement fraud
  • Understanding what procurement fraud entails at each phase
  • Using technology and data analytics for detection
  • How to prevent fraud upon detection?
  • Taking the appropriate steps on risk management and fraud detection

 

 

 

Why You Not Miss This Event

In Africa, the rise in contract management and the outsourcing of goods and services has created an increase in procurement fraud. Many have gone undetected and some of these crimes are still going on without stakeholders and the management team being aware of!

Procurement fraud can occur at any stage of the contracting and procurement process. Appropriate controls, fraud prevention strategies and proper tendering processes are necessary in the fight against this fraud.

By attending this 3-day training, you will understand fraud undertaken by phase of procurement, why it goes undetected and how to assess the risk of procurement fraud on your own projects.

You will also learn practical prevention practices, how to protect you and your organisation from the consequences of corruptive behaviours and you will be able to deal with and address the difficulties related to procurement fraud in order to safeguard the assets and resources of your organisation.


 

In-House Training

If you have a group of people with similar interest in this course, and want a cost-effective approach, CapSource can help bring this training directly to your workplace. This course can be customized to fit the requirements and needs of your organization. For more information, kindly contact us at : iht@capsource.com.my
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