This training program will examine the fraud vulnerabilities in the procurement of materials and services in the private sector. In addition, it will explore the many procurement and contract fraud schemes and at what point in the procurement and contract process they occur.
This webinar will examine the fraud vulnerabilities in the procurement of materials and services in the private sector. It will also explore the many procurement and contract fraud schemes and at what point in the procurement and contract process they occur. Several actual cases will be referenced. Furthermore, the webinar will examine fraud detection and proactive prevention strategies as well as proven methods to investigate allegations of procurement and contract fraud.
Why Should You Attend:
Every business that purchases and contracts for goods or services is vulnerable to a wide variety of fraud hazards. Many of the fraud schemes involve vendors and contractors in collusion with employees responsible for making purchases and administrating contracts, as well as with the employee who requests the purchase of goods or services. Other fraud hazards involve solicited and bidding contractors in collusion with each other. Government Agencies have armies of investigators and auditors whose mission is to prevent and detect procurement and contract fraud. Small, medium, and even large businesses are often not equipped to combat this prevalent vulnerability. The first step is awareness of the hazard.This webinar will examine the fraud vulnerabilities in the procurement of materials and services in the private sector. It will also explore the many procurement and contract fraud schemes and at what point in the procurement and contract process they occur. Several actual cases will be referenced. Furthermore, the webinar will examine fraud detection and proactive prevention strategies as well as proven methods to investigate allegations of procurement and contract fraud.
Areas Covered in the Webinar:
- Types of Procurement and Contract Fraud
- Procurement and Contract Fraud Indicators
- Pre-Solicitation Phase
- Collusive Bidding
- Sole Source Issues
- Solicitation Phase
- Contract Award Phase
- Post Award Phase
- Change Order Fraud
Other Procurement Fraud Hazard
- Use of Brokers
- Phony or Shell MBDO companies
- Buyer acting as Contract Administrator
- Miscoding in Procurement Files
- Prevention and Detection Strategies
Who Will Benefit:
- Business Owners
- Management
- Compliance Officers
- Corporate Investigators and Fraud Examiners
- Controllers
- Purchasing Professionals
- Accounting and Finance Professionals
- Audit and Finance Committee Members
Course Provider
John E Grimes,
