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Procurement Certification in Combating Risk and Fraud

24th October 2016

Overview

Regardless of the size of the organization, purchasing activities will inevitably attract a fraudster’s attention when it reaches a significant level. Coupled with the possible lack of internal control, confidential information may be leaked and fraudsters may make use of the opportunity to their benefit. Attending this course will give delegates the critical knowledge and skills to discover procurement fraud opportunities commonly used to breach and exploit corporate accounts. Understanding how such fraud is committed is crucial to take on countermeasures to strengthen the organization’s internal control. This course enables you to identify vulnerabilities in your organization’s procurement procedures, operations protocols and contract and tender drafting and also provides solutions to those loopholes to mitigate the risks of fraud. Furthermore, the section on procurement fraud detection will provide delegates with essential investigation skills and efficient response plans.

Who Should Attend

  • Company directors
  • Senior and Middle ranking Public Officials
  • 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

  • ANALYSE the causes and history of past major fraud cases and learn from past experiences
  • UNDERSTAND consequences of procurement fraud to prepare for adverse circumstances
  • RESPOND promptly to fraud detection and red flags
  • MONITOR procurement cycles to review procurement planning
  • ESTABLISH clear job responsibilities for procurement management ADMINISTER actions on fraud to redress against fraudulent suppliers, bid          rigging and cartels
  • REDUCE risk of contract fraud by advocating appropriate tendering process and evaluation
  • STRENGTHEN internal controls to protect company resources by conducting effective procurement fraud checks regularly

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Our definitive portal, The Power Times provides information and news on power generation, transmission and distribution entities. There is in-depth coverage of projects, contracts and business news, to technological innovations and improvements, and to future market trends. We offer technology-focused e-newsletters, company search via online product and company directories. Other facilities include job postings, events calendar, interactive news commentary, blogging, social media connections, technology basics and much more.

 

We are, The Hotel Times an online hospitality news portal to provide quality information to hoteliers and industry consultants. The portal serves a worldwide audience of hospitality professionals, providing them with both daily updated content and interactive services. The site offers industry news, multime