Purchases Fraud: Investigations & Forensic Audit

Effectively dealing with fraud risks and cases in the purchases process

What you'll learn

Understand fraud foundamentals and their application in the purchases process

Identify vulnerabilities in the purchases process

Shape an effective purchases fraud prevention and detection framework

Perform effective and efficient audits and investigations on the purchases process

Requirements

Purchase , audit or investigation responsibilities

Description

Fraud is a phenomenon that severely and increasingly affects public and private organizations. Specifically, the procurement process is extremely vulnerable to corruption, which is also the most difficult fraud to detect and prove. This is due to its "off-the-books" nature, in which spurious dealings are only indirectly reflected in the organization's accounting (e.g., through markups).In this activity, we will analyze in detail what are the elements that lead to incentivize or discourage fraud in procurement and contracting processes, as well as identify the vulnerabilities that occur in the process, the signs of fraudulent action and the best practices for conducting investigations into fraud committed in the Procurement and Contracting process.We will also provide appropriate tools and methodologies for the prevention, deterrence and detection of fraud in the Procurement and Contracting process in an orderly and systematic manner, and through the interdisciplinary action of professionals from different disciplines.The course provides with effective approaches to effectively determine whether a fraud has occurred, and, in this case, to efficiently clarify authors, responsible individuals and operational schemesIn short: we will provide an adequate framework for the mitigation of fraud in the procurement and contracting process, as well as for improvements in the transparency and efficiency of management.

Overview

Section 1: Introduction

Lecture 1 Fraud concepts part 1

Lecture 2 Fraud concepts part 2

Lecture 3 Fraud concepts part 3

Lecture 4 Fraud concepts part 4

Section 2: The antifraud program

Lecture 5 Section 2 unit 1

Lecture 6 Section 2 unit 2

Lecture 7 Section 2 unit 3

Section 3: Different types of acquisitions

Lecture 8 Section 3

Section 4: Instances of vulnerabilty in the purchases process

Lecture 9 Section 4

Section 5: Fraudulent schemes

Lecture 10 Section 5

Section 6: High risk procurement

Lecture 11 Section 6

Section 7: Red flags or procurement fraud

Lecture 12 Section 7

Section 8: Procurement fraud investigation

Lecture 13 Section 8 part 1

Lecture 14 Section 8 part 2

Lecture 15 Section 8 part 3

Lecture 16 Section 8 part 4

Section 9: Forensis audit in the procurement process

Lecture 17 Section 9 part 1

Lecture 18 Section 9 part 2

People concerned with the purchases process fraud risks