Combating Risk and Fraud in Procurement
Procurement fraud and bribery are the single largest area of loss for businesses and Government departments around the world. Procurement fraud can wipe out much of a company’s profits and damage a nation’s ability to invest. The quality of procurement can make the difference between success and failure – whether in private sector companies or in national economies.
This course considers ways to combat fraud 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 and private sector and how to create a world class and a high performance procurement organisation.
At the end of the course, participants will be able to:
- Save money through better procurement and combating fraud
- Save money through better supplier and contractor performance.
- Deliver better services and projects to customers through better supplier and contractor service
- Reduce risk through reducing fraud and improving supplier and contractor performance
- Reduce health and safety risks and benefit to staff, contractors and the bottom line
- Boost reputation through tackling fraud and its causes.
- Improve output through increased morale
Day 1 – Understanding the Context and Motivations behind Procurement Fraud and Bribery
- Defining procurement fraud and bribery
- Understanding the motivations of individuals and organisations that engage in fraud and bribery.
- Assess the costs to the organisation and the individual of undetected fraud and bribery
- Recognising the role of everyone in the organisation with regard to fraud and bribery
- Public and Private sector responsibilities
Day 2 – Implementing Effective Anti-Fraud Controls
- Developing effective and proportionate procedures
- Training personnel and suppliers who may encounter procurement fraud
- Communicating policy to all levels in the organisation
- Securing the supply chain at all stages including initiation, storage, transportation, loading and unloading, handovers with other organisations and shipping and clearance documentation.
- Monitoring the stages in procurement from pre-qualification to use.
- Achieving due diligence
Day 3 – Building Effective Barriers to Procurement Fraud
- Increasing individuals and the organisation’s awareness of fraud risk
- Training staff to identify and signal suspicion of procurement fraud
- Monitoring of documentation and internal audit as a control and a signal of the organisation’s attitude to fraud
- Assessing staff and their vulnerability to fraud.
- Creating effective procedures and monitoring these procedures
- Creating internal barriers to collusion and cooperation that may facilitate corrupt practices
- Auditing suppliers and associated organisations for procurement fraud
- Analysing data and activities in order to flag suspicions of fraud
Day 4 – Bribery Proofing the Organisation – Tools, Techniques and Approaches
- Planning the bribery-proof organisation
- Developing anti-bribery policy and
- Gaining commitment from all levels of the organisation
- Communicating the policies
- Enforcing compliance of organisational anti-bribery rules and procedures
- Achieving due diligence with controlled organisations and business associates
- Monitoring and reviewing the anti-bribery management system.
- Audit and top management review – continuously improving the system
Day 5 – Understanding the International Law, Conventions and Approaches To Anti-Bribery And Anti-Fraud Activities
- The OECD Anti-Bribery Convention and the United Nations Convention against Corruption
- The UK Bribery Act 2010 – bribing another person; bribing a foreign official; consequences of failing to prevent bribery.
- The US Foreign Corrupt practices Act 1977 – provisions and scope; enforcement; persons subject to the Act.
- Avoiding becoming entangled innocently in foreign bribery and anti-fraud situations
General Managers, Senior Managers, and all middle ranking Managers and Executives in
Procurement/ Purchasing :
- Internal Audit
- Contract Management
- Project Management
- Fraud Investigation & Management
- Risk Management
- Legal/ Compliance
- Lectures 0
- Quizzes 0
- Duration 5 Days
- Skill level All levels
- Language English
- Students 0
- Assessments Self