Procurement Fraud Prevention-courses-africa

Procurement Fraud Prevention

Course Description

Procurement fraud manifests in various forms, and the procurement process presents a common risk area across almost all organisations, large or small. Unfortunately, no organisation is immune to corruption and fraud, especially in the procurement cycle. Fraud and corruption in procurement are all too common, and research provides evidence of their increasing frequency with the corresponding quantum of losses becoming significant enough to impact on the sustainability of organisations. Procurement fraud can be one of the more complex frauds to investigate. Thus, significant resources are misappropriated through procurement fraud in many organisations. The Procurement Fraud Prevention short course is designed to deepen participants’ understanding of the various fraud schemes that can be perpetrated in procurement and contracting processes. It provides the specialist knowledge and skills required to identify fraud and corruption and to put in place mechanisms for preventing it from occurring in the procurement and contracting of goods and services. The course will equip participants with the requisite skills to carry out proactive preventive control measures to deter procurement fraud in their organisations when the red flags are raised.

Learning Objectives

By the end of the course, participants will be able to:

  • Understand various common and statutory law definitions and principles that are relevant to procurement and contracting
  • Analyse and understand the supply chain and procurement processes for vulnerabilities and flaws, to increase opportunities of fraud detection
  • Gain an in-depth understanding on the vast and various procurement fraud schemes that can be perpetrated in procurement and contracting processes
  • Increase understanding of the motivation for fraud among employees and interested parties
  • Identify red flags indicative of corruption and fraud in procurement processes
  • Identify fraud risks in procurement and contracting processes
  • Design control measures reduce procurement fraud incidences effectively
  • Design effective proactive preventive control activities and actions that limit fraud, corruption and related offences