Fraud in Purchasing

Course Objectives

To provide an understanding of fraud and to relate legal issues to the practical aspects of contracting and purchasing. The programme will combine both legal and operational information with their practical application within the purchasing and contracting environment. Understanding will be tested through case studies.

Course Contents

Types of fraud in purchasing
A review of recent case history of procurement fraud
 
Identifying areas of internal risk
Risk in the procurement cycle
Specification / Definition of need
Contracting
Receipt
Payment approval
Payment
 
Supplier Fraud
what to look for
Tracking tendering history
 
Managing for security
Internal Systems
Organisational Controls
External Audit Controls
Legal Controls
Personnel management
 
Contracting for security
Using terms and conditions
Having appropriate checks and balances in the approval processes
Using external third parties
Randomised checking procedures
 
Dealing with fraud
Why so few use the legal option
How to manage personnel
What about fraudulent supplier?
Remedies Available

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Who Should Attend

All senior management and procurement personnel involved in the contracting and operational process and audit activity associated with any internal financial and commercial trading by the organisation, which is potentially threatened by fraud.

Duration

A 1-day single manned course.
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