Overview

Combating procurement fraud is vital. Nearly all organisations will have been victims of procurement fraud and the consequences can be much greater than the value of the fraud.

• For private sector organisations, tackling it vigorously can mean boosting profits by several percentage points – making the difference between being a ‘winner’ and ‘loser’ – expanding or contracting.
• For governments, tackling procurement fraud effectively can boost its reputation, thus at tracting more inward investment, improving public services and, with globalisation, making it a more competitive nation.

Who Should Attend

• Company Directors
• Senior and Middle Ranking Public Offiicals
• Finance Directors
• Finance Staff
• Auditors
• Operational Directors and Managers
• Operational Staff
• Commercial Directors
• Procurement Directors
• Procurement Managers and Staff
• Public Sector Policy Makers

Key Learning Objectives

Delegates will get to understand:

• Scale, consequences and cost of procurement fraud to governments and businesses in SE Asia
• Categories of procurement fraud, including corruption, contractor and sub-contractor fraud, conflict of interest, theft and cyber fraud
• Which category carries the greatest risk and  why
• Why people commit procurement fraud
• How people commit procurement fraud
• Characteristics of fraud perpetrators and  behavioural ‘red alerts’
• The industries most susceptible to procurement fraud
• Challenging conventional wisdom. The most  effective Fraud Prevention Controls
• Combating fraud by identifying and addressing risk in the Procurement cycle
• Combating fraud in contracting
• Combating bid rigging
• Combating contractor and sub-contractor  fraud
• Combating cartels and monopolies
• Combating cyber fraud
• Combating fraud through creating First Class Procurement: What it is and how can it be  achieved
• Combating fraud through creating an anti-fraud culture
• Summary of Singapore government’s  procurement legislation
• Ethical codes
• Top tips to discourage fraud and corruption
• Financial ‘red alerts’
• Fraud detection and investigation
• How to create an anti-fraud plan tailored for  your organisation

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