Course Detail(E146 : Ethical Practices in Managing Procurement Frauds)

E146 : Ethical Practices in Managing Procurement Frauds

7.00 CPE Hours (Category 2)
Classroom


Programme Objective
Procurement fraud is one of the most common fraud schemes within an organization.   Procurement is where the money is.   Managing Procurement fraud risk have always been a painful and unfruitful attempts by many.   It need not be – if you are equip with the right knowledge of Procurement processes, systems, procurement fraud modus operandi, red flag, and the skills to detect them early!   Using appropriate strategies and tools we can even prevent and manage Procurement fraud risk to the lowest!
 
At the end of the course, participants will be able to assess their organizations for weaknesses in procurement processes and deploy appropriate strategy to minimize or eradicate those gaps.   On completion of this program participants will be able to:

  • Understand the principles, process, structure of an organized procurement function
  • Identify potential areas of concern and fraud schemes in typical sourcing and buying lifecycle
  • Detect and prevent procurement fraud schemes
  • Implement fraud risk governance and strategy to minimize or eradicate procurement frauds

Programme Outline

Overview of Procurement Fraud
 
29 Schemes of Procurement Frauds in Eight Categories

  1. Corruption, Specification
  2. Fake buys, Delivery schemes
  3. False claims, Bidding schemes
  4. False info, Forgery
 
Detecting Procurement Frauds Red Flags
 
Set up Procurement Fraud Risk Governance
  1. Strategies & Structure
  2. Process & People
  3. Systems
 
Investigating Procurement Frauds
  1. Document and Data
  2. Surveillance and Digital
  3. Interviewing
 
Common Procurement Principles, Processes and Challenges

Training Methodology
Presentation, group discussion, case study. Multimedia and template sharing.
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

CFO, Finance manager, Accountant, Procurement manager, HR manager, Internal auditor, Audit manager, Audit directors, Control and compliance officer, Ethic officer, Risk manager, Forensic auditor, Loss prevention and fraud prevention officer, External auditors, Regulatory agency staff

Competency Mapping

Category 2 = 7.00 Hours

Schedule & Fees

Date & Time

13 Oct 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Kent Hoh

Date & Time

21 Apr 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Kent Hoh

Date & Time

28 Oct 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Kent Hoh

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Kent Hoh

Kent Hoh is a prolific trainer in audit, fraud investigation, corporate governance and personal effectiveness. Kent Hoh has wide-ranging experience in leading compliance and audit functions in Asia Pacific as well as forensic investigation team globally.  He conducted various successful projects in Singapore, Indonesia, Malaysia, India, China, Japan, Australia, New Zealand, Brazil, Hungary, Poland, etc. Several of the projects involved multi-million dollars’ scheme and made headlines locally.


Kent holds an MBA, Bachelor of Law (Hons), and a Bachelor of Accounting (Hons).   He is a Certified Fraud Examiner (CFE).  He also passed the qualifications exams of the UK Chartered Secretary and Administrator (ICSA), Malaysian Institute of Certified Public Accountants (MICPA) and Certified Information System Auditor (CISA).

Kent Hoh has been an active trainer for several accounting and audit associations in South East Asia. He is also a frequent speaker for several universities in Shanghai, Nanjing and Hangzhou, China. Kent Hoh is currently serving as Vice President of Internal Audit in a company listed on SGX.
 


Programme Objective
Procurement fraud is one of the most common fraud schemes within an organization.   Procurement is where the money is.   Managing Procurement fraud risk have always been a painful and unfruitful attempts by many.   It need not be – if you are equip with the right knowledge of Procurement processes, systems, procurement fraud modus operandi, red flag, and the skills to detect them early!   Using appropriate strategies and tools we can even prevent and manage Procurement fraud risk to the lowest!
 
At the end of the course, participants will be able to assess their organizations for weaknesses in procurement processes and deploy appropriate strategy to minimize or eradicate those gaps.   On completion of this program participants will be able to:

  • Understand the principles, process, structure of an organized procurement function
  • Identify potential areas of concern and fraud schemes in typical sourcing and buying lifecycle
  • Detect and prevent procurement fraud schemes
  • Implement fraud risk governance and strategy to minimize or eradicate procurement frauds

Programme Outline

Overview of Procurement Fraud
 
29 Schemes of Procurement Frauds in Eight Categories

  1. Corruption, Specification
  2. Fake buys, Delivery schemes
  3. False claims, Bidding schemes
  4. False info, Forgery
 
Detecting Procurement Frauds Red Flags
 
Set up Procurement Fraud Risk Governance
  1. Strategies & Structure
  2. Process & People
  3. Systems
 
Investigating Procurement Frauds
  1. Document and Data
  2. Surveillance and Digital
  3. Interviewing
 
Common Procurement Principles, Processes and Challenges

Training Methodology
Presentation, group discussion, case study. Multimedia and template sharing.
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

CFO, Finance manager, Accountant, Procurement manager, HR manager, Internal auditor, Audit manager, Audit directors, Control and compliance officer, Ethic officer, Risk manager, Forensic auditor, Loss prevention and fraud prevention officer, External auditors, Regulatory agency staff

Competency Mapping

Category 2 = 7.00 Hours

Programme Facilitator(s)

Kent Hoh

Kent Hoh is a prolific trainer in audit, fraud investigation, corporate governance and personal effectiveness. Kent Hoh has wide-ranging experience in leading compliance and audit functions in Asia Pacific as well as forensic investigation team globally.  He conducted various successful projects in Singapore, Indonesia, Malaysia, India, China, Japan, Australia, New Zealand, Brazil, Hungary, Poland, etc. Several of the projects involved multi-million dollars’ scheme and made headlines locally.


Kent holds an MBA, Bachelor of Law (Hons), and a Bachelor of Accounting (Hons).   He is a Certified Fraud Examiner (CFE).  He also passed the qualifications exams of the UK Chartered Secretary and Administrator (ICSA), Malaysian Institute of Certified Public Accountants (MICPA) and Certified Information System Auditor (CISA).

Kent Hoh has been an active trainer for several accounting and audit associations in South East Asia. He is also a frequent speaker for several universities in Shanghai, Nanjing and Hangzhou, China. Kent Hoh is currently serving as Vice President of Internal Audit in a company listed on SGX.
 

Upcoming Schedule

Registration is closed

Date & Time

13 Oct 2018 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Kent Hoh

Venue

60 Cecil Street
ISCA House
Singapore 049709