Course Name:Procurement Fraud: Understanding and Managing the Risks
Course Duration:1 hour
Course Format:Webinar
CPD Credits:1.00
Course Fee:$99 (incl. HST)
Target Audience:Auditors (internal/external), board members, c-suite, finance, department managers, payroll and human resources
Course Description:

The procurement process encompasses all activities relating to the purchase of goods or services by an organization.  It can range from small, one-time purchases to multi-year, multi-million-dollar contracts.  Given the volume of transactions that are typically carried out through the procurement function, it is one of the accounting cycles most targeted by fraudsters.  Knowing what procurement schemes are most commonly carried out and the ‘red flags’ or potential indicators to look out for will serve to mitigate this known risk at your organization, while increasing the likelihood of detecting such schemes, should they be occurring. At the conclusion of this one-hour fraud awareness training webinar, participants will walk away with an understanding of the following: 

  • What is fraud?
  • How honest is our society?
  • Profile of a typical fraudster
  • Most common procurement fraud schemes
  • The ‘red flags’ of procurement fraud
  • Fraud prevention & detection

Registration:Please click here to register