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Procurement Certification in Combating Risk and Fraud

August 20 - August 22

Overview

Combating procurement fraud is vital. Nearly all organisations will have been victims of procurement fraud and the consequences can be much greater than the value of the fraud.

  • For private sector organisations, tackling it vigorously can mean boosting profits by several percentage points – making the difference between being a ‘winner’ and ‘loser’ – expanding or contracting.
  • For governments, tackling procurement fraud effectively can boost its reputation, thus at tracting more inward investment, improving public services and, with globalisation, making it a more competitive nation.

Who Should Attend

  • Company Directors
  • Senior and Middle Ranking Public Offiicals
  • Finance Directors
  • Finance Staff
  • Auditors
  • Operational Directors and Managers
  • Operational Staff
  • Commercial Directors
  • Procurement Directors
  • Procurement Managers and Staff
  • Public Sector Policy Makers

Key Learning Objectives

Delegates will get to understand:

  • Scale, consequences and cost of procurement fraud to governments and businesses in SE Asia
  • Categories of procurement fraud, including corruption, contractor and sub-contractor fraud, conflict of interest, theft and cyber fraud
  • Which category carries the greatest risk and  why
  • Why people commit procurement fraud
  • How people commit procurement fraud
  • Characteristics of fraud perpetrators and  behavioural ‘red alerts’
  • The industries most susceptible to procurement fraud
  • Challenging conventional wisdom. The most  effective Fraud Prevention Controls
  • Combating fraud by identifying and addressing risk in the Procurement cycle
  • Combating fraud in contracting
  • Combating bid rigging
  • Combating contractor and sub-contractor  fraud
  • Combating cartels and monopolies
  • Combating cyber fraud
  • Combating fraud through creating First Class Procurement: What it is and how can it be  achieved
  • Combating fraud through creating an anti-fraud culture
  • Summary of Singapore government’s  procurement legislation
  • Ethical codes
  • Top tips to discourage fraud and corruption
  • Financial ‘red alerts’
  • Fraud detection and investigation
  • How to create an anti-fraud plan tailored for  your organisation

Enquiry Form

Details

Start:
August 20
End:
August 22
Event Category:

Venue

Singapore
Singapore + Google Map