On-Site Training Topic Details
Contract and Procurement Fraud
Procurement spending can be one of the most costly items for an entity. And because of the money involved, the temptations of fraud might be greater. Also complicating the matter is the complex nature of this type of fraud.
This 2-day, instructor-led course will provide you with best practices for detecting and investigating contract and procurement fraud. Explore schemes and indicators of fraud and then practice your skills by solving these complex fraud cases.
Who Should Attend:
Certified Fraud Examiners and other fraud specialists
Forensic accountants, attorneys and law enforcement personnel
Internal and independent auditors
All business professionals and educators seeking knowledge of fraud in the procurement process
What You Will Learn:
Red flags of bribes and kickbacks
Conflicts of interest
Fraud in the bidding process
Comprehensive discussion of contract and procurement fraud schemes including:
Unjustified sole source awards, split purchases and change order abuse
Cost mischarging, defective pricing
Co-mingling of contracts
False statements and claims
Failure to meet contract specifications
False, inflated, and duplicate invoices
Phantom vendors
Product substitution
Unnecessary purchases
Purchases for personal use or resale
Imprest fund abuse
Criteria for a criminal and civil case
CPE Credits: 16
Course Level: Intermediate
Prerequisite:
Participants should possess two or more years of auditing or forensic accounting experience or be in a position responsible for performing, administering or managing contracts, vendor relations or purchasing agent.