Procurement fraud and abuse is, by its very nature, a product of human behavior and performed with willful intent. The fraudsters are operating in an environment familiar to them and within contracting processes and rules that expose government organizations to a higher risk of fraud. The session will use the equation as a practical visual depiction of the four elements of procurement fraud as shown in a mathematical formula. With an understanding of each element of the equation, along with their multipliers, fraud examiners, auditors and others can better reduce their detection efforts to be more productive, efficient and effective.
You Will Learn How To:
- Identify the five personality risk profiles of a procurement fraudster/abuser
- List the types of schemes most likely to be occurring
- Explain why you need to understand vulnerabilities to goods and services
- Recognize which risks are unique to specific procurement methods
Recommended Prerequisites: None
Field of Study: Specialized Knowledge and Applications