Course Description

Synopsis:

This module identifies the indicators of procurement fraud and equips participants with practical techniques to detect and investigate suspicious activities. Learn how to identify red flags such as unusual bidding patterns and conflicts of interest, and apply detection techniques, data analytics and audit processes to uncover and address potential frauds.

In this module, you'll learn about:

Procurement fraud and its impact
Recognising early red flags in procurement processes
Detection techniques for procurement fraud
Vendor due diligence and risk mitigation

Explore the other modules in the Procurement Integrity Series to deepen your understanding of procurement processes, related risks, and effective fraud prevention measures.

Procurement Fundamentals and Key Controls (Part 1)
Common Schemes in Procurement Fraud (Part 2)

Intended For:

Audit Professionals / PAIP
Finance Professionals / PAIB
Public Sector Finance
C-Suite & Directors
Business Owners

Competency Mapping:

CPE Category 2 = 0.5 CPE Hour

Early Warning Indicators of Procurement Fraud
Detecting and Mitigating Procurement Fraud

Slides: Addressing Red Flags and Mitigating Risks of Procurement Fraud

Yoong Ee Chuan

Managing Director, RxE Integrity Advisory

Fellow Chartered Accountant (FCA), Singapore, Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified Internal Auditor (CIA), ISCA Financial Forensics Professional (ISCA(FFP)), Certified Fraud Examiner (CFE), ASEAN CPA.Former Head of Internal Audit driving internal audits covering operational, compliance and IT domains in an institution of higher learning. Leading data analytics and forensic investigations whilst supporting CET training in procurement audits, fraud risk management and internal controls. Driven enterprise wide IT Security, Governance and Cybersecurity.

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