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Procurement fraud

  • ACCT/BK
  • CPA (CA)
  • CRMA
  • CFF
  • CFE
  • CGFM
  • CIA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • IAP
  • QIAL
  • ACCA
  • MAFF
  • CTP
  • CBA/MCBA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

Procurement fraud occurs when there is deliberate deception within the procedure-to-pay process that results in some type of financial gain or loss. In a typical scenario, companies lose when a vendor is awarded business at an above-market scale and then the employee that granted the contract receives a kickback of some kind. It could be cash, gifts, or something else.

The rise in contract management and the outsourcing of goods and services has created an increase in procurement fraud, which can occur at any stage of the contracting and procurement process. Appropriate controls, fraud prevention strategies, and proper tendering processes are necessary for the fight against this fraud.

You must be aware of the vulnerabilities and risks associated with fraud schemes that attack the purchasing, procurement, and contract functions. Acquire the knowledge, skills, and techniques you need to prevent, detect and deter these devastating frauds.

Major topics discussed in this CPE Audit Webinar:

  • The Procurement Process
  • Fraud vulnerabilities within the process
  • Fraud considerations in the procurement process
  • Areas at risk of procurement fraud
  • The Fraud Triangle
  • Procurement Red Flags

In this CPE course, we will examine procurement fraud through actual case studies, to show how the frauds developed, how they were found, and what the consequences were for the company

Learning Objectives

  • To identify how is procurement fraud perpetrated.
  • To inspect how you identify fraud within procurement.
  • To determine if a procurement scheme violates legal statutes or civil laws.
  • To identify the red flags of bribery and corruption.
  • To recognize bid-rigging and market-allocation schemes.
  • To reduce the risk of vendor fraud.
  • To develop an investigation plan to respond to suspected procurement fraud.

Recommended For

  • This CPE course is recommended for CPAs, CFEs, CFFs, CMAs, Risk Managers, Managers, and Compliance Managers desiring to learn techniques for the detection and prevention of   Procurement frauds.

Who Should Attend?

  • Accounting and audit managers/practitioners
  • Auditors
  • Certified Fraud Examiner
  • Certified Public Accountant (CPA)
  • Certified Valuation Analysts
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Fraud Analyst
  • Fraud Professionals
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit for Accountant/Bookkeeper (ACCT./BK)
  • 1 CPD Credit of Audit and Assurance for Chartered Professional Accountant (CPA Canada)
  • 1 CPE Credit for Certification in Risk Management Assurance (CRMA)
  • 1 CPD Credit of Fraud prevention, detection and response for Certified Financial Forensics (CFF)
  • 1 CPE Credit of Fraud Risk Assessment for Certified Fraud Examiner (CFE)
  • 1 CPE Credit for Certified Government Financial Manager (CGFM)
  • 1 CPE Credit of Fraud risks for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 1 CPE Credit of Fraud for Certified Valuation Analyst (CVA)
  • 1 CPD Credit for Chartered Accountants - ICAEW
  • 1 CPE Credit for Internal Audit Practitioner (IAP)
  • 1 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1 CPE Credit for Master Analyst In Financial Forensics (MAFF)
  • 1 CRE Credit for Certified Treasury Professional (CTP)
  • 1 CPE Credit of Fraud for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Dave Oswald, CPA, CA, CFE, CFI,

Owner, Forensic Restitution

Dave Oswald CPA, CA, CFE, CFI, the owner of Forensic Restitution, is a Chartered Accountant with a passion for exposing fraud or error.

His global, multi-national experience spans more than two decades, during which he successfully led investigations into high-level C-Suite executive cases. Dave has extensive experience in data preservation and review, computer forensics, data analytics, and fraud investigations. Dave has testified as an expert witness in Federal Court in the United States of America, interviewed numerous suspects and witnesses, and provided testimony in internal disciplinary proceedings. Dave is a current member of the Association of Certified Forensic Investigators' board of directors.

About Company

Forensic Restitution

forensicrestitution.com

Forensic Restitution is an independent white collar crime investigating company. With our vast financial knowledge we are able to review books of accounts to identify the footprints of fraud. Our state of the art computer forensic laboratory allows for the imaging of computers and the extraction of data for use in disciplinary hearings or criminal proceedures

Recent successes include the identification of an error in a production system, resulting in a proven $5million saving per year. We have also been responsible for successful prosecutions of white collar crime perpetrators.

Our claims formulation proceedure resulted in the successful recovery of $1 million for a client that had been defrauded in a salami skimming operation.

Fraud Hurts - We Make it Better

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.2

31 Ratings

Excellent

17

Very Good

9

Average

2

Poor

1

Terrible

2

BK

Bansari Kinkhabwala, CPA (US)

May 18th, 2022

Good Learning Experience

BR

Bernd-david Rueckert

May 18th, 2022

Great presenter

YH

Yasmin Hassan, CFE

May 18th, 2022

Thanks a lot for the most informative session

Procurement fraud

FREE

1 Credit

Subject Area

Auditing

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