Auditing and Preventing Fraud in Procurement - OAF302WEB

Auditing and Preventing Fraud in Procurement OAF302WEB

Auditing and Preventing Fraud in Procurement - OAF302WEB
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Upcoming Dates & Locations

Virtual
May 7th, 2021

Auditing and Preventing Fraud in Procurement - OAF302WEB

Overview

This webinar covers the risks in the procurement function, focusing primarily on the conditions and practices that can result in fraud. It focuses on entity level risks, controls and mechanisms that we should pay close attention to, purchasing activities, the bidding and contracting processes and vendor management. Also essential data analytics techniques and key signs that the organization may be affected by fraud in its purchasing function.


Who Should Attend

Financial, Operational and Information Technology auditors who need to know about fraud in the procurement process, its characteristics, and how to prevent and detect it.


Prerequisites

  • None

What You’ll Learn

You will learn about entity level controls, the purchasing cycle, contracting, vendor management, procurement cards, and data analytics.


Objectives

  • Entity Level Conditions and Mechanisms
  • Purchasing
  • Bidding
  • Contracting
  • Vendor Management
  • Procurement Cards
  • Data Analytics

Why You Should Attend

You should attend because procurement represents a meaningful percentage of the organization’s expenses and unfortunately it is also highly susceptible to waste, abuse and fraud. Procurement is one of the top departments where fraud is committed.

ACI Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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