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, if not the most, common fraud schemes within an organisation. Procurement is where the money is. Managing procurement fraud risk to uphold Ethics has always been a painful and unfruitful attempt by many auditors and managers. It need not be – if you are equipped with the right knowledge of procurement processes, systems, procurement fraud modus operandi, red flags, and the skills to detect them early! Using appropriate strategies and tools, we can even prevent and manage Procurement fraud risk to the lowest!

From this programme, participants will gain a complete overview of procurement processes and systems. All stages within procurement life cycle will be discussed in detail so as to reveal the “inside” of sourcing and buying activities and its unspoken rules. The programme aims to cover the learning and application of tools and techniques procurement officers and auditors should possess in order to be ethical and address potential frauds and lapses in buying lifecycle.

At the end of the course, participants will be able to assess or audit their organisations for possible control weaknesses in the procurement processes and deploy appropriate strategy to minimize or eradicate those weaknesses, to uphold Ethics in their organisations.

On completion of this programme, participants will be able to:

  • Understand the principles, processes, structures, and various aspects of an organised procurement function
  • Identify potential areas of concern and fraud schemes in typical sourcing and buying life cycle
  • Identify, detect and prevent various types of procurement fraud schemes
  • Implement fraud risk governance and strategy within an organisation to minimize and eradicate procurement frauds

Programme Outline

1.         Overview of Procurement Fraud
 
2.         29 Schemes of Procurement Frauds in Eight Categories

a.         Corruption
b.         Specification manipulation
c.         Fake buys
d.         Delivery schemes
e.         False claims
f.          Bidding schemes
g.         False info
h.         Forgery
 
3.         Detecting Procurement Frauds – Putting on the Ethical Lenses
 
4.         Investigating Procurement Frauds
a.         Document Review and Data analytic
b.         Surveillance and Digital Forensic
c.         Information Seeking Interviewing
d.         Confession Seeking Interview
e.         Basic concept of Evidence
f.          Effective Forensic Investigation Framework
 
5.         Set up Procurement Fraud Risk Governance to uphold Ethics & Professionalism
a.         Strategies (Tone at the top)
b.         Structure (Centralized, Decentralized Procurement, IPO)
c.         Process (COC, Rotations, Forced leave, WB Hotlines)
d.         People (Position screening, Training, Rewards and Incentive)
e.         Governance Structure (Oversight structure, 1st, 2nd and 3rd line defense)
f.          Systems (authorization matrix, SOD, system validation)
 
6.         Common Procurement Principles, Processes and Challenges
a.         Sourcing vs Buying
b.         Low cost vs best value
c.         RFx, tender procedures, online procurement platform
d.         Market place platforms (vendor specific, non-vendor specific)
e.         Procurement Operational 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

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

Fee (inclusive of GST)

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

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

22 Apr 2017 (9:00 AM - 5:00 PM)

Registration is closed


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, if not the most, common fraud schemes within an organisation. Procurement is where the money is. Managing procurement fraud risk to uphold Ethics has always been a painful and unfruitful attempt by many auditors and managers. It need not be – if you are equipped with the right knowledge of procurement processes, systems, procurement fraud modus operandi, red flags, and the skills to detect them early! Using appropriate strategies and tools, we can even prevent and manage Procurement fraud risk to the lowest!

From this programme, participants will gain a complete overview of procurement processes and systems. All stages within procurement life cycle will be discussed in detail so as to reveal the “inside” of sourcing and buying activities and its unspoken rules. The programme aims to cover the learning and application of tools and techniques procurement officers and auditors should possess in order to be ethical and address potential frauds and lapses in buying lifecycle.

At the end of the course, participants will be able to assess or audit their organisations for possible control weaknesses in the procurement processes and deploy appropriate strategy to minimize or eradicate those weaknesses, to uphold Ethics in their organisations.

On completion of this programme, participants will be able to:

  • Understand the principles, processes, structures, and various aspects of an organised procurement function
  • Identify potential areas of concern and fraud schemes in typical sourcing and buying life cycle
  • Identify, detect and prevent various types of procurement fraud schemes
  • Implement fraud risk governance and strategy within an organisation to minimize and eradicate procurement frauds

Programme Outline

1.         Overview of Procurement Fraud
 
2.         29 Schemes of Procurement Frauds in Eight Categories

a.         Corruption
b.         Specification manipulation
c.         Fake buys
d.         Delivery schemes
e.         False claims
f.          Bidding schemes
g.         False info
h.         Forgery
 
3.         Detecting Procurement Frauds – Putting on the Ethical Lenses
 
4.         Investigating Procurement Frauds
a.         Document Review and Data analytic
b.         Surveillance and Digital Forensic
c.         Information Seeking Interviewing
d.         Confession Seeking Interview
e.         Basic concept of Evidence
f.          Effective Forensic Investigation Framework
 
5.         Set up Procurement Fraud Risk Governance to uphold Ethics & Professionalism
a.         Strategies (Tone at the top)
b.         Structure (Centralized, Decentralized Procurement, IPO)
c.         Process (COC, Rotations, Forced leave, WB Hotlines)
d.         People (Position screening, Training, Rewards and Incentive)
e.         Governance Structure (Oversight structure, 1st, 2nd and 3rd line defense)
f.          Systems (authorization matrix, SOD, system validation)
 
6.         Common Procurement Principles, Processes and Challenges
a.         Sourcing vs Buying
b.         Low cost vs best value
c.         RFx, tender procedures, online procurement platform
d.         Market place platforms (vendor specific, non-vendor specific)
e.         Procurement Operational 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

Date & Time

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

Fee (inclusive of GST)

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

Venue

60 Cecil Street
ISCA House
Singapore 049709