Procurement Fraud

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Procurement Fraud

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.

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 Fraud CPE Webinar, 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.

Overview

Stan Construction industry

29 mins
Standard of living

40 mins
The Fraud triangle

43 mins
Who is likely to be involved

45 mins
Procurement red flags

50 mins

Webinar Qualifies For

1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
1 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
1 CPD Credit of Auditing for CPA in Canada
1 CPE Credit of Fraud risks for Certified Internal Auditors (CIA)
1 CPE Credit of Contract and Procurement Fraud for Certified Fraud Examiner (CFE)
1 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
1 CPD Credit of Fraud prevention, detection and response for Certified Financial Forensics (CFF)
1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
1 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
1 CPD Credit for Chartered Accountant - ICAEW
1 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
1 CE Credit of Detect and mitigate fraud for Certified Treasury Professional (CTP)
1 CPE Credit of Auditing for Master Analyst In Financial Forensics (MAFF)
1 CPE Credit of Fraud Auditing and Forensic Accounting for Certified Internal Controls Auditor (CICA)
1 CPD Credit for Chartered Accountants - Scotland
1 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
1 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
1 CPD Credit for Chartered Accountants - Ireland (CAI)
1 CPD Credit for CPA - Ireland
1 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
1 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)
1 CPE Credit of Fraud Auditing and Forensic Accounting for Certified Controls Specialist (CCS)

About Instructor

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.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

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.

Ratings and Review

4.2

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Ashley White, CPA (US)

Great presentation. Ran out of time though for the whole thing. I think it should've been longer.

Anthony Surrette, CFE

Great, lots of materials discussed. Less slides and deeper dive on issues.

Anna Hovde, Manager

It was a good course - interesting, practical and good examples. Thanks.

Yasmin Hassan, CFE

Thanks a lot for the most informative session

Bansari Kinkhabwala, CPA (US)

Good Learning Experience

1 Credit

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Verification Code

Procurement Fraud

Course Details

Learning Objectives

Course Description

Overview

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Dave Oswald, CPA, CA, CFE, CFI,

Other Details

Additional Information

1 Hour

Basic

QAS Self Study

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.2

Ashley White, CPA (US)

Anthony Surrette, CFE

Anna Hovde, Manager

Yasmin Hassan, CFE

Bansari Kinkhabwala, CPA (US)

Subject Area

Unlimited Access Plan

Inclusions

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