Course Overview
This intensive 5-day training course offered by IRES provides a comprehensive understanding of procurement fraud and its impact on organizations. Participants will explore various fraud schemes, detection techniques, and legal considerations while gaining hands-on experience in fraud investigation and prevention. This course equips procurement professionals with the skills needed to identify red flags, mitigate risks, and implement strategic cost reduction initiatives.
Course Duration
5 Days
Target Audience
- Procurement and supply chain professionals
- Finance and audit personnel
- Supervisors and managers responsible for purchasing functions
- Compliance officers and risk management professionals
- Any professional involved in supplier selection, contract management, or procurement oversight
Organizational Impact
- Strengthened fraud detection and prevention capabilities within the procurement process
- Improved transparency and accountability in purchasing decisions
- Reduced financial losses due to fraudulent activities
- Enhanced compliance with legal and regulatory frameworks
- Increased efficiency through strategic procurement planning
Personal Impact
- Improved ability to identify and prevent procurement fraud
- Strengthened analytical and investigative skills
- Enhanced understanding of legal aspects of procurement fraud
- Increased career opportunities in procurement, compliance, and risk management
- Greater confidence in handling procurement fraud investigations
Course Level:
Course Objectives
By the end of the course, participants will be able to:
- Recognize the red flags and warning signs of procurement fraud
- Develop strategic procurement plans to prevent supplier collusion
- Understand the legal elements and consequences of procurement fraud
- Identify how purchase orders and variation orders can be manipulated for fraud
- Implement effective fraud prevention and detection techniques
- Conduct fraud audits and investigations with proper evidence handling
- Develop Key Performance Indicators (KPIs) for monitoring procurement integrity
Course Outline
Module 1: Introduction to Procurement and Procurement Fraud
- Overview of procurement processes and fraud risks
- Defining procurement fraud and its impact on businesses
- Understanding procurement fraud within the procurement lifecycle
- Case Study: Examining real-world procurement fraud incidents
Module 2: Types of Procurement Fraud and Legal Considerations
- Common procurement fraud schemes (e.g., bid rigging, bribery, false invoicing)
- Legal framework governing procurement fraud
- Consequences of procurement fraud for organizations and individuals
- Case Study: Analyzing fraud cases and their legal outcomes
Module 3: Identifying and Preventing Procurement Fraud
- Recognizing red flags and warning signs in procurement activities
- Unjustified single-source awards and their link to fraud
- Eliminating low-value-added processes to reduce fraud risks
- Case Study: Detecting fraudulent transactions in procurement records
Module 4: Fraud Detection, Investigation, and Evidence Handling
- Steps in fraud detection and investigation
- Developing a fraud investigation plan
- Best practices in evidence handling and reporting
- Case Study: Conducting a procurement fraud audit
Module 5: Strengthening Procurement Processes and Cost Reduction Strategies
- Implementing strategic cost reduction initiatives
- Enhancing transparency and accountability in procurement
- Reporting Key Performance Indicators (KPIs) for fraud prevention
- Improving the public image of procurement functions
- Case Study: Developing an anti-fraud procurement policy
Related Courses
Course Administration Details:
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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