Course Description

Synopsis:

This module equips participants with practical approaches to respond effectively when procurement fraud is suspected or detected. Learn how to plan and conduct investigations, collect and analyse evidence, navigate legal and ethical considerations, take appropriate remediation actions, and strengthen procurement controls to reduce the risk of recurrence.

In this module, you'll learn about:

Planning and executing procurement fraud investigations
Collecting, preserving and analysing evidence effectively
Legal and ethical considerations during fraud investigations
Remediation strategies for employees, vendors and affected transactions
Reinforcing procurement controls and preventive measures

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)
Addressing Red Flags and Mitigating Risks of Procurement Fraud (Part 3)

Intended For:

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

Competency Mapping:

CPE Category 2 = 1.5 CPE Hours

Planning the Procurement Fraud Investigation
Collecting and Analysing Evidence
Navigating Legal and Ethical Considerations
Taking Remedial and Corrective Action
Reinforcing Controls to Prevent Recurrence

Slides: Responding to Fraud Investigation, Remediation & Control Reinforcement

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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