• On-Site Training Topic Details

    Contract and Procurement Fraud

    The rise 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 contracting and procurement process. Appropriate controls, fraud prevention strategies and proper tendering processes are necessary in the fight against this fraud. This two-day course will teach you the best practices for preventing, detecting and investigating contract and procurement fraud.
     
    Organizations can be defrauded through collusion among bidders, between employers and contractors, and by sole procurement employees. Consequently, you need to be aware of the vulnerabilities and risks associated with fraud schemes that attack the purchasing, procurement and contract functions. Acquire the knowledge, skills and techniques you need to prevent, detect and deter these devastating frauds. 


    Who Should Attend:  

    Attorneys, legal professionals and law enforcement personnel

    Controllers and corporate managers

    Detectives and private investigators

    Forensic and management accountants, accounts payable and financial analysts

    Governance, risk management and compliance officers

    Government procurement officers

    Internal and external auditors, CPAs and CAs 

    Professionals and educators seeking knowledge of fraud in the procurement process

    Certified Fraud Examiners and other anti-fraud professionals 

     

    You Will Learn How To:  

    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

     

    CPE Credit: 16

    Field of Study: Specialized Knowledge and Applications 

    Course Level: Overview
    Prerequisite: None

    Advanced Preparation: None