Contract and Procurement Fraud
Marketing description
Course duration: 2 days
CPE credit: 16
Course level: overview
Prerequisite: none
The increase in contract management and the outsourcing of goods and services has created an increase in procurement fraud, which can occur at any stage of the procurement and contracting process. In the fight against this fraud, appropriate controls, fraud prevention strategies and procurement processes are needed. This 2-day course will teach you best practices for preventing, detecting and investigating contract and procurement fraud.
Organisations can be defrauded through collusion between bidders, between employers and contractors, and by procurement employees. Consequently, be aware of the vulnerabilities and risks associated with fraud schemes that attack the purchasing, procurement and contracting functions. Acquire the knowledge, skills and techniques needed to prevent, detect and deter these devastating frauds.
You will learn how:
- Decide whether a procurement scheme violates legal statutes or civil laws.
- Identify the Red Flags of extortion and bribery.
- Recognise bid rigging schemes and different forms of 'cartel agreements' between suppliers.
- Reduce the risk of supplier fraud.
- Develop an investigation plan to respond to suspected procurement fraud.
Who should participate:
- Public procurement management personnel
- Internal Auditors and External Auditors, CPAs and CAs
- Professionals who want to learn more about fraud in the procurement process
- Forensic and management accountants, accounts payable clerks and financial analysts
- Company owners and managers
- Governance, risk management and compliance officer
- Lawyers, lawyers and law enforcement personnel
- Detectives and private investigators
- Certified Fraud Examiners and other anti-fraud professionals
Course delivery
Senapa can organise private courses for companies with a customised virtual or in-house meeting programme; it is also possible to participate on a one-to-one basis with a customised individual programme.
Register for the Course
Lessons
- 1 Section
- 10 Lessons
- 365 Days
- Descriptions of the modules into which the course is divided10
- 1.1The procurement process
- 1.2Legal elements of procurement fraud
- 1.3Bribery and corruption
- 1.4Collusion between contractors
- 1.5Collusion between contractors and employees
- 1.6Procurement fraud without competition
- 1.7Performance Schemes
- 1.8Supplier Management
- 1.9Detection and prevention
- 1.10Investigations into procurement fraud
