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 2-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.
Valid for the recognition of 16 CPEs.

Contenuti

• 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 the Procurement fraud – Discuss the legal statutes that are most commonly used to prosecute procurement schemes
• Bribery and corruption – Discover the most common types of corruption schemes and provide insight into how to catch them.
• 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.
• 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.
• Performance schemes – 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.
• Vendor management – 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.
• Detection and Prevention – 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.

Destinatari

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.

Prerequisiti

None.