[Internal Control Series] Procurement Fraud&Corruption Risks

[Internal Control Series] Managing Procurement Fraud and Corruption Risks:
-Implement Effective Internal Controls to Prevent & Detect Procurement Fraud 


Note: It is highly recommended to attend the 1-day “Importance of Internal Controls to Safeguard Your Company” before attending this implementation workshops under Internal Control Series  

 

Date : 26 Nov 2018 (Mon)
Time : 9.00am - 5.30pm
Venue : Meeting Room 1, SBF Center, 
160, Robinson Road, #06-01, Singapore 068914

Fee per pax 
(inclusive of GST)  
: SBF Members-$428 
Non Members-$535

-Upon completion of the workshop, the participant will be granted an attendance certificate.

INTRODUCTION
Procurement fraud can occur in many different ways. It can occur through departmental purchasing of goods and services, as well as through contractual arrangements with external service providers. The ability to implement effective internal controls for the procurement process is critical to help prevent unnecessary loss to the company.

Join us for this 1-day practical training programme to equip yourself with the knowledge, skills and techniques to deter, prevent and detect the many different devastating types of procurement fraud schemes.

 

OBJECTIVES
What you will gain from this seminar:
· Gain a thorough understanding of the procurement process and its vulnerability to fraudulent activities
· Explore different kinds of procurement fraud that can occur in a typical organisation
· Determine the various root causes of different procurement fraud schemes
· Identify the different effective deterrent and preventive measures to help reduce the occurrence of procurement fraud
· Learn about practical tools and techniques to monitor and detect the occurrence of various procurement fraud schemes

  

COURSE OUTLINE
1. Introduction to the procurement process and procurement fraud
• Understanding the sub-processes of the procurement process
• What is procurement fraud?
• Why is the procurement function vulnerable to fraud?
• Where and when can procurement fraud happen?
• Consequences of procurement fraud

2. Different types of procurement fraud schemes
• Bribery and corruption
• Fraud in bidding process
• Unjustified sole source
• Split purchase
• Change order abuse
• Cost mischarging and defective pricing
• False invoices and phantom vendors

3. Deterring, preventing and detecting procurement fraud
• Assessing the risk of procurement fraud
• Creating an anti-fraud culture
• Procurement fraud deterrents
• Data analytics and visualisation
• Other mechanisms to monitor and detect different types of procurement fraud

4. Case studies discussion and quizzes


*Programme information is accurate at the time of print



WORKSHOP AUDIENCE 
This workshop is ideally designed for management and executive staff who play a part in implementing or executing internal controls. Including procurement professionals, finance professionals especially accounts payables, internal auditors, risk managers, internal controls and compliance professionals.


ABOUT THE TRAINER
The trainer specialising in coaching, consulting and training on business risk management and fraud awareness has also worked with the Big Four accounting firms, multinational corporations and local companies in Hong Kong and Singapore for over 10 years.

During the career with PricewaterhouseCoopers Hong Kong, the trainer has conducted various training programmes on corporate governance, internal controls and anti-fraud to the directors of companies listed in Hong Kong. The trainer has also been extensively involved in risk management, internal control, internal audit and Sarbanes-Oxley compliance projects in Asia Pacific. 


ADMINISTRATIVE DETAILS

- Please logon to https://login.sbf.org.sg/SBFPortal/Sign_In.aspx with your Username and Password to register. 
- Please create an account for registration if you do not have an existing account with SBF
- Upon registration, please make payment using credit card via online payment platform. Auto e-acknowledgement and invoice will be sent to your registered email.
- No cancellation will be allowed upon registration, but attendance by a replacement delegate from your company is welcomed. Please notify SBF of the change at least 3 days’ notice prior to event to enable logistical arrangements for the replacement.
- Payments are required with registration and must be received prior the workshop to guarantee your place.
- Participants will only be admitted if payment/proof of payment has been received prior to the event or on event day.
- You will still be liable for the payment in the event of no-show on actual day of the event.
- Singapore Business Federation (SBF) reserves the right to cancel or make any adjustments to the event.


Other payment modes:
1) Electronic Payment
Internet banking services with UOB or DBS via Billing Organization.

2) VISA/MASTERCARD Terminal
Payment can be made via our VISA/MasterCard terminal in our office

3) Cheque Payment
Please cross your cheque payable to Singapore Business Federation and send it to: 160 Robinson Rd #06-01, SBF Center, Singapore 068914

Please indicate the Invoice number, Company and Participant name at the back of the cheque.
If you have registered less than 5 working days before the event date, please bring along the cheque on the day of workshop.
   

If you have further enquires or clarifications, please contact [email protected] (ATTN: Eady NG) | 6827 6867
Ref No.: SB180350

NOTE : To safeguard the well-being of all participants, we advise members who are feeling unwell to refrain from attending the session

DISCLAIMER
All information, materials and related graphics contained herein and/or provided in the course of the training session(s) (hereinafter referred to as “Information and Materials”) are intended for informational and/or educational purposes only. The Singapore Business Federation does not claim ownership of any of the Information and Materials provided by the external training vendor(s). The information and Materials may from time to time include technical inaccuracies or typographical errors, and changes may be added periodically as may be necessary. Please note that photography, audio and video recording may occur during these events. All photography, audio and video recording may be used by Singapore Business Federation for education, marketing, promotional and/or publication purposes. If you do not wish to have your image recorded or published, for compelling and legitimate grounds relating to your particular situation, please inform our staff.

When
11/26/2018 9:00 AM - 6:00 PM

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