BSC-136     Procurement Fraud Risk Management & Compliance Workshop

• Overview
• Course Objectives
• Course Content
• For Whom
• Schedule and Hours

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Procurement Fraud Risk Management & Compliance focuses on identifying, assessing, and mitigating fraud risks across the entire procurement cycle—from vendor selection and tendering to contract execution and payment. It involves understanding common fraud schemes such as bid rigging, conflict of interest, kickbacks, and falsified invoices, while establishing clear policies, segregation of duties, and effective internal controls to reduce exposure.

A strong fraud risk management framework integrates compliance with organisational policies, regulatory requirements, and ethical standards. 
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This comprehensive 2-day workshop is designed to provide participants with an in-depth understanding of procurement fraud, including its types, detection, prevention, and mitigation strategies. The workshop covers the latest trends, case studies, and best practices to help organizations safeguard against fraudulent activities in their procurement processes.

The primary objective of this workshop is to equip participants with the knowledge and skills necessary to identify, prevent, and mitigate procurement fraud. 

By the end of the workshop, participants will be able to:

• Understand the types and impacts of procurement fraud.
• Identify red flags and indicators of procurement fraud.
• Implement best practices for fraud prevention and detection.
• Develop strategies for investigating and responding to fraud incidents.
• Evaluate the effectiveness of fraud control measures and continuous improvement.

Module 1: Introduction to Procurement Fraud
Module 2: Types of Procurement Fraud
Module 3: Legal and Ethical Implications 
Module 4: Red Flags and Indicators
Module 5: Prevention Strategies
Module 6: Detection Techniques
Module 7: Investigation Strategies
Module 8: Response and Mitigation
Module 9: Continuous Improvement and Compliance
​Module 10: Future Trends in Procurement Fraud

This workshop is designed for:

• Procurement and supply chain professionals
• Internal auditors and compliance officers
• Risk management specialists
• Legal and regulatory affairs professionals
• Anyone involved in procurement activities and looking to enhance their fraud detection and prevention skills

This is a 2-days programme.
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This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
 
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.

We are HRD Corp (Human Resource Development Corporation) Registered Training Provider.
​All of our training modules are claimable under HRD Corp.