Procurement Fraud Management and Mitigation 2015
Combating corruption and fraud in procurement operations throughout the organisation.
“Companies reported an avergae of 23 cases of fraud during the past two years, with each organisation losing an average of over 7.4 million in that period” - Louis Strydom, head of PWC’s forensic auditing division. Both the public and private sectors in are victims of fraud and / or corruption. Unfortunately, fraud in the procurement function is one of the most difficult to identify, making it difficult to catch the perpetrators until its too late. This 2 day interactive training programme, with a purchasing and supply chain expert, will demonstrate how to take a pro-active and practical approach to identify, mitigate and hopefully reduce this escalating trend, using Best Practice Purchasing Procedures to close loopholes and guard backdoors. let us teach you what to look for and how to detect fraud in the early stages by showing you where fraud takes place - and where your own particular exposure may
Insights that would be gained at the end of this training :
• Discover how to identify your current real procurement fraud exposure and identify the specific steps you need to take
• Identify the tactics procurement fraudsters are currently using, and compare your security in these areas using “Best Practice”
• Find out how to identify the red flags that indicate where possible fraudulent activity may exist within your purchasing procedures
• Learn what policies, procedures and systems you can implement that are not overly onerous, but limit exposure to fraud and add value to your organisation
• Understand how implementing best Corporate Governance through the organisation can help to reduce Fraud in the procurement area
• Discover a range of Proactive Strategies that you can implement to actively fight and block the opportunities for procurement fraud actions
• Learn what actions you should take if you suspect that fraudulent activities may be taking place - and how to manage the fraud investigation
• Discover ways to highlight the importance of fraud prevention and detection to all employees, improving ethics and encouraging “tip-offs”
WHO SHOULD ATTEND THIS TRAINING :
• Heads and Managers of Procurement
• Heads and Managers of Purchasing
• Fraud Investigators
• Legal & Compliance Managers,
• CFO/VP Finance
• Financial Controllers & Accountants
• Risk Management & Regulatory Managers,
• Internal Auditors & Audit Managers
• IT & Contract Managers
• Internal Control Officers
• Merchandizers
• Buyers
• & all who are involved in corporate transparency, governance and procurement
fraud management