Purchasing and Stock Fraud: Detection, Avoidance & Control
Details
This interactive class will help you to assess an organization’s risks relating to purchasing fraud, identify controls that can mitigate those risks, design audit tests to detect purchasing fraud and investigate evidence of fraud occurring. The instructors will provide examples from their practical experience.
Outline
Overview of the Purchasing Cycle
. Discuss the responsibilities of a typical corporate purchasing group and the purchasing business cycle
· Understand who is involved (internal and external)
· Identify differences in the purchasing cycle depending on the industry and company size
*Purchasing and Stock Fraud Schemes
· Classifications of purchasing and stock fraud
· Corruption and Asset Misappropriation
· Purchasing and stock fraud schemes
*Risk-Based Strategy to Fight Purchasing and Stock Fraud
· Purchasing and stock fraud risk assessment
· Fraud opportunity reduction through purchasing process improvement
· Internal controls to reduce purchasing and stock risk
· Proactive risk-based approaches to detect purchasing and stock fraud
· Investigations of purchasing and stock fraud identified
*Purchasing and Stock Fraud Detection Processes
· Risk-based purchasing and stock fraud detection audits
· Using CAATS to detect purchasing and stock fraud
Stock Fraud Management
· Types and causes of stock fraud
· Fraudulent shortages and supplies
· Fraud-free management of returned and used parts/spares
· Falsification of stores and supplies documents
*Detecting Particular Purchasing and Stock Fraud Schemes
· Scheme-based purchasing and stock fraud symptoms and detection methods
· Special considerations for off-book purchasing fraud schemes
· Special considerations for contract bidding schemes
· Special consideration for stock fraud
· Vendor monitoring: major contracts and stores
FOR WHOM:
Stores, Purchasing & Logistics Personnel in the Public and Private Sectors.
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.