Procurement Fraud Prevention
Course Summary:

Magna Skills is pleased to introduce the Procurement Fraud Prevention course, designed to equip professionals with the knowledge and skills necessary to identify, prevent, and combat fraud within the procurement process. This program covers essential strategies, best practices, and techniques for maintaining integrity and transparency in procurement activities.

Course Objectives:

Upon completion of the course, participants will:

  1. Understand Procurement Fraud:

    • Gain insights into the various forms of procurement fraud.
    • Recognize red flags and indicators of fraudulent activities.
  2. Implement Fraud Prevention Strategies:

    • Develop and implement effective procurement fraud prevention strategies.
    • Establish robust controls and safeguards in the procurement process.
  3. Detecting and Investigating Procurement Fraud:

    • Learn techniques for detecting potential procurement fraud.
    • Understand the process of conducting thorough investigations.
  4. Legal and Regulatory Compliance:

    • Understand relevant legal and regulatory frameworks related to procurement fraud.
    • Ensure compliance with anti-fraud laws and regulations.
  5. Ethical Procurement Practices:

    • Promote ethical procurement practices within the organization.
    • Foster a culture of transparency and accountability in procurement.
  6. Building a Fraud-Aware Procurement Team:

    • Train and educate procurement teams on fraud prevention.
    • Develop a fraud-aware organizational culture within the procurement function.

Course Outline

Module 1: Understanding Procurement Fraud

  • Various forms of procurement fraud
  • Red flags and indicators of fraudulent activities

Module 2: Implementing Fraud Prevention Strategies

  • Developing and implementing effective fraud prevention strategies
  • Establishing robust controls in the procurement process

Module 3: Detecting and Investigating Procurement Fraud

  • Techniques for detecting potential procurement fraud
  • Conducting thorough investigations

Module 4: Legal and Regulatory Compliance

  • Relevant legal and regulatory frameworks
  • Compliance with anti-fraud laws and regulations

Module 5: Ethical Procurement Practices

  • Promoting ethical procurement practices
  • Fostering a culture of transparency and accountability

Module 6: Building a Fraud-Aware Procurement Team

  • Training and educating procurement teams on fraud prevention
  • Developing a fraud-aware organizational culture in procurement

Who Can Attend:

This course is suitable for procurement professionals, compliance officers, auditors, and individuals involved in the procurement function, including but not limited to:

  • Procurement Managers
  • Purchasing Officers
  • Compliance Officers
  • Internal Auditors
  • Finance Professionals

Delivery Format:

The Procurement Fraud Prevention course, offered by Magna Skills, will be delivered through a combination of interactive lectures, case studies, group discussions, and practical exercises. Participants will have the opportunity to apply theoretical knowledge to real-world scenarios, fostering a comprehensive and engaging learning experience. Additionally, guest speakers with expertise in procurement fraud prevention may be invited to share insights and practical experiences.