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 purchasing, procurement and contract functions.
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 session will explain best practices for preventing, detecting and investigating contract and procurement fraud.