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Combating Procurement Fraud and Corruption

3 Day Training

Dates: 18 – 20 Mar | 19 – 21 Jun 2024
Locations: Johannesburg, South Africa
Platform: Available In-Class / Online

Price: Available on request

This course is non- accredited

Course Introduction

Virtually every entity suffers from procurement fraud, though management might not know it. With procurement fraud costing entities an estimated 5-12 percent of their annual revenues, organizations lacking proactive fraud prevention measures are the most at risk. This 3-day, instructor-led course will show you why traditional internal controls can be ineffective in preventing many frauds and how to combat fraud more effectively and economically. Discover what you can do to protect your company from fraud. Learn about management’s responsibilities for preventing fraud and effective internal controls to aid in this effort.

 

This course will take you further into leading techniques to manage the risk of fraud and cut its ongoing cost for all types of entities. This course looks at ways to combat fraud and corruption in procurement and minimise those organisational systems, processes, procedures, documentation, and contracting processes that can be a barrier to value for money and competitiveness. The course further looks at how to reform procurement within the public, private sector and 3rd sector and how to create a world class and a high-performance procurement organisation.

Course Objectives

  • Define the legal aspects of procurement fraud.

  • Recognize the differences between fraud deterrence and fraud detection.

  • Identify reasons why traditional internal controls often fail to deter fraud.

  • How to improve implementation of conflict of interest

  • How to effectively create an anti-fraud culture

  • How to effectively identify a fraud perpetrator

  • Implement the seven factors for establishing an anti-fraud program.

  • How to effectively identify fraud red flags

  • Find the gaps in your fraud prevention process.

  • How to improve a whistle blowing system

  • Outline the elements typically found in an anti-fraud policy.

  • How to improve procurement performance in your organisation

Who should attend?

Procurement Managers

  • Internal and External Auditors

  • Chief Financial Officers

  • Financial Managers

  • Procurement Administrators

  • Bid committee members

  • SCM Managers

  • SCM Practitioners

Training methodology

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Module 1

Understanding Procurement fraud

  • Top 5 challenges in Procurement

  • Procurement fraud and its impact on the economy

  • Citizens experience with Procurement fraud

  • Examples of Procurement fraud

  • Impact of procurement fraud on an organisation

  • Fraud triangle

Procurement Fraud System controls

  • Guidelines to building procurement fraud systems controls.

  • General procurement issues

  • Guidelines to solving general procurement issues.

Scale of procurement fraud

  • Understanding the true scale of procurement fraud in an organisation

  • Understanding the true scale of procurement fraud in a Country

  • The true cost of procurement fraud

Conflict of interest and corruption

  • Defining Procurement fraud

  • Understanding conflict of interest

  • Conflicts of Interest for Employees

  • Conflicts of Interest for Employer

  • Conflict of Interest for Supplier

Anti-fraud controls: which are the most effective?

  • Tools for anti-fraud controls

  • Effectiveness of anti-fraud controls tools

  • Most common anti-fraud controls tools

  • Anti-fraud controls: which are the most effective?

Creating an anti-fraud culture

  • The key requirements for an anti-fraud culture

  • How to create an effective anti-fraud culture

  • Anti-fraud culture within an organisation

  • Pillars of an anti-fraud culture

Module 2

Fraud identification, detection, and investigation

  • Spotting procurement fraud amongst employees, what to look for.

  • Five-Step Approach to Fraud Detection

  • Procurement fraud taxonomy

  • Identifying the Red-Flags of Fraud in bidding process; Employees

  • Identifying the Red-Flags of Fraud in bidding process; Suppliers

  • Identifying the Red-Flags of Fraud; Picking the preferred

  • supplier; Employees

  • Identifying the Red-Flags of Fraud; Picking the preferred supplier; Suppliers

  • Identifying the Red-Flags of Fraud; Paying for Identifying the Red-Flags of Fraud; Delivery of goods and services goods and services

  • Identifying the Red-Flags of Fraud; contract management

  • Characteristics of fraud perpetrators

  • Key Fraud theories

  • Fraud triangle

  • Fraudster psychology

  • Fundamental characteristics of a fraudster

    Contract fraud

    • Defining Contract Fraud in Procurement

    • Key areas for contract fraud in procurement

    • Reducing risk of contract fraud

    • How can you prevent contract fraud?

    Fraud Detection Methods

    • Corruption prevention mechanism

    • Using HR Processes to combat Fraud.

    • Company Fraud Policy

    • Using Internal Controls to combat Fraud.

    • Responsibilities for managing fraud.

    Whistle blowing systems.

    • Whistle blowing systems, which is most effective.

    • Organisational factors that inhibit whistle blowing

    • Creating an ethical culture

    • Personal factors that inhibit whistle blowing

    • Tips to help business eliminate procurement fraud and corruption.

    Contract fraud

    • Defining Contract Fraud in Procurement

    • Key areas for contract fraud in procurement

    • Reducing risk of contract fraud

    • How can you prevent contract fraud?

    Fraud Detection Methods

    • Corruption prevention mechanism

    • Using HR Processes to combat Fraud.

    • Company Fraud Policy

    • Using Internal Controls to combat Fraud.

    • Responsibilities for managing fraud.

    Module 3

    Conducting an internal investigation

    • Steps to conducting an internal investigation.

    • Investigation path

    • The investigation processes.

Creating a high performance and entrepreneurial procurement organization

  • Establish a unified core for data.

  • Create a dynamic information flow.

  • Automate manual processes.

  • Improve collaboration with critical suppliers.

  • Adopt an automated, consumer-like model.

  • Enrich planning capabilities.

Combating Fraud and Corruption

  • Five steps to combat corruption.

  • Combating Corruption; Civil Society

  • Combating Corruption; Media houses

  • Combating Corruption; Transparency

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