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.
Tampa, FL | November 14-15, 2016
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.
Who Should Attend:
Government procurement officers
Internal and external auditors, CPAs and CAs
Professionals and educators seeking knowledge of fraud in the procurement process
Forensic and management accountants, accounts payable and financial analysts
Controllers and corporate managers
Governance, risk management and compliance officers
Attorneys, legal professionals and law enforcement personnel
Detectives and private investigators
Certified Fraud Examiners and other anti-fraud professionals
Field of Study
Specialized Knowledge and Applications
*Please note: Schedule listed is for U.S. events. All events outside of the U.S. are pushed back 30 minutes with registration beginning at 8:00 a.m. and the last session ending at 4:55 p.m.
||Day One |
||Registration & Continental Breakfast |
The Procurement Process
Discuss the phases of the procurement process while you review contracting and payment systems. Also, learn the differences between government and private purchasing procedures.
Legal Elements of Procurement Fraud
If you discover a procurement scheme, how do you know if it is illegal? Has the perpetrator committed a crime? Discuss the legal statutes that are most commonly used to prosecute procurement schemes. You will also learn what civil laws may allow for litigation directly against the perpetrator and how qui tam actions may be pursued.
|11:10 a.m.-12:30 p.m.
Bribery and Corruption
Unfortunately, the payment of bribes and kickbacks occurs more often than you might think. But although they are common, they are often hard to detect and prove. Discover the most common types of corruption schemes and provide insight into how to catch them.
||Group Lunch |
Collusion Among Contractors
Bid-rigging occurs in many different forms. This session will focus on those schemes in which prospective bidders team up against the contracting entity to submit false bids and inflate prices.
Collusion Between Contractors and Employees
Many schemes involve collusion between the contractor and one or more employees of the contracting entity. Explore recognition and bid tailoring schemes. These schemes can be very costly if they are not stopped early.
||Day Two |
||Continental Breakfast |
Fraud in Procurement Without Competition
Learn about the common schemes in the sole-source contracting process, including employee purchases for personal use or resale, and purchases that fall below a threshold limit.
Once the contractor begins performing the work, a whole host of new fraud schemes open up. This session will cover schemes involving defective pricing and non-conforming goods and services.
|11:10 a.m.-12:30 p.m.
Organizations need to take specific steps to reduce the risk of vendor fraud. This section covers vendor due diligence, managing via contracts, conflicts of interest and right to audit.
||Lunch on Own |
Detection and Prevention
Procurement schemes can be difficult to detect and prevent, partly because these schemes can take on various forms, occur in any stage of the procurement process and tend to take place over a long period. Examine ways to detect the schemes and also tailor proactive procurement fraud detection and prevention programs to the specific risks within an organization.
Investigating Procurement Fraud
One of the first responses to suspected procurement fraud is to develop an investigation plan. Learn methods of collecting information, conducting interviews and performing an analysis.
Event Cancellation Policy
cancellation policy is intended to keep costs low for attendees. Due to financial obligations incurred by ACFE, Inc. you must cancel your registration prior to the start of the event. Cancellations received less than 14 calendar days prior to an event start date are subject to a $100 administrative fee. No refunds or credits will be given for cancellations received on or after the start date of the event. Those who do not cancel and do not attend are responsible for the full registration fee.
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MemberServices@ACFE.com or call (800) 245-3321 / +1 (512) 478-9000.
The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
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