Fraud Detection, Prevention and Corporate Governance Best Practices for the Procurement Function
Course overview:
This course looks at how to prevent fraud, how to detect fraud, the tools to investigate fraud, and how to gather a case for prosecution.
Course details:
Every business that purchases and contracts for goods or services is vulnerable to a wide variety of fraud hazards. Many of the fraud schemes involve vendors and contractors in collusion with employees responsible for making purchases and administering contracts, as well as with the employee who requests the purchase of goods or services. Other fraud hazards involve solicited and bidding contractors in collusion with each other. Consequently, one needs to be aware of the vulnerabilities and risks associated with fraud schemes that attack the purchasing, procurement and contract functions The Course will explore the many procurement and contract fraud schemes and at what point in the procurement and contract process they occur. Several actual cases will be referenced. Furthermore, the course will examine fraud detection and proactive prevention strategies as well as proven methods to investigate allegations of procurement and contract fraud Corporate governance is another key topic that has recently started attracting more attention in business schools and among legislatures, with this trend only increasing. While there are different models for corporate governance, all of them aim at organizing the relation between company and stakeholders This five-day course will teach you the best practices for preventing, detecting and investigating contract and procurement fraud. It will also look at best practices in governance as well as ethics in the procurement function |
By the end of the course, participants will be able to: – Define the role of ethics in fraud prevention Distinguish the nature and types of procurement fraud Set up fraud prevention methods for the organization Identify and implement anti-fraud measures and manage fraud risks Investigate and form a legal case to prosecute suspected fraudsters Determine if a procurement scheme violates legal statutes or civil laws. Identify the red flags of bribery and corruption. Recognize bid-rigging and market-allocation schemes. Reduce the risk of vendor fraud. Develop an investigation plan to respond to suspected procurement fraud. List the essential fundamentals and significance of corporate governance Analyze corporate governance models and suggest improvements Deploy corporate governance best practices
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Who Should Attend this Course? Procurement Managers & Officers Procurement Specialists Heads of Strategic Planning Inventory Planners Purchasing Managers & Officer Sourcing Buyers Demand Personnel Performance Evaluation Officers Supply Chain Managers & Coordinators Bid Management Officers & Administrators Bid Adjudication Officials Vendor Officers and Administrators Administration Managers Contracts & Tender Administrators Legal & Compliance Advisors Internal & External Auditors Risk Managers & Officers Fraud Investigation specialists Financial Controllers & Managers
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Five days |