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Procurement Fraud MasterClass - Dubai

Overview

Procurement Fraud MasterClass - Dubai 

Global economies and organisations are just starting to understand the risks around procurement fraud but is enough being done to prevent it?

Procurement fraud is a risk for all organisations that carry out any form of procurement activity. In reality that applies to virtually every organisation globally.

Even when the risk of procurement fraud is identified, without the right guidelines and information, risk mitigation can be ineffective. This can mask significant unknown losses.  

There is plenty of published guidance on how to prevent procurement fraud yet it is widely known it continues to happen.

There are many global organisations that have been created to target procurement fraud.

They have had some great successes but why? Training and awareness is globally recognised as the best approach to reducing your fraud risks and ensuring that staff are aware what to look for.  

This course will provide you with practical experience and the ‘know how’ to tackle procurement fraud ‘head on’.

We will provide you with the tools to go back to your organisations so that you will be able to implement your own procurement fraud strategies and training programmes.

The course will comprise of case studies using real life procurement fraud investigations.

All teaching case studies have been investigated by the trainer who has carried out complex and challenging procurement fraud investigations.

We will discuss not only what went right whilst carrying out these investigations but additionally what went wrong and discuss why? 

We will discuss risk analysis and risk identification through the stages of the contract management lifecycle with solutions for prevention identified.

Discussion will be undertaken around category procurement and the risks that are involved in this approach.

Date: Sunday 04 March 2012
Venue: Fairmont Hotel
Fee: Members - £1485.00 per person
  Non-members - £1650.00 per person

Availability:

Bookings are no longer being taken for this event

Audience

Every organisation whether large or small buy’s in products or services and when this activity is high value spend it can become a natural target for fraudsters. Fraud within the procurement life cycle is high risk and often becomes embedded within the organisation and can result in recurring losses. This type of fraud also requires some form of insider collaboration which puts your organisation at risk. This means that the fraudsters may know your company processes and confidential insider information.

  • Senior executives/CEO
  • Company policy/decision makers
  • Procurement staff/managers/Chief Procurement Officers
  • Contract managers
  • Risk managers
  • Legal/compliance executives
  • Finance managers
  • Project managers/ Anyone involved in project scoping
  • Internal auditors
  • Buyers
  • Fraud investigators and managers
  • Loss prevention officers/managers
  • Research and Development managers
  • Public Private Finance Initiative facilitators

Programme

This course is currently being delivered internationally to combat an international problem.

The Course:

Led by an experienced procurement fraud expert with both a strong commercial and academic background you will:  

  1. Learn why procurement fraud is a risk to all organisations globally.
  2. Identify markers of procurement fraud and discuss internal markers.
  3. Learn how to develop a cohesive counter-procurement fraud strategy
  4. Develop an in depth understanding of procurement fraud in context of your work environment including the managing of third party risks.
  5. Develop your own awareness programme both for your own organisations and third party suppliers to understand the management of this risk.
  6. Examples will be provided in order to provide you with a template of how to develop these strategies.

Subjects covered will include: 

  1. Why is procurement fraud a risk to your organisation?
  2. When it occurs, what will it look like?
  3. What global organisations target procurement fraud?
  4. How can weak corporate governance processes encourage procurement fraud
  5. What are the red flags?
  6. When and how to implement a procurement fraud strategy including risk mitigation
  7. How to investigate procurement fraud.
  8. What is the best approach?
  9. What data analytical techniques can your company use to protect itself?

On conclusion of this training, you will be able to:

  • Understand why procurement fraud exists within the procurement lifecycle?
  • Identify what processes does a company need to have in place to prevent/reduce the risk of procurement fraud?
  • Communicate what steps need to be taken to identify fraud risks in the tender process and contract management
  • Implement risk management in the procurement process including managing third party risks
  • Strategically assess your company procurement fraud risks
  • Define a transparent governance process
  • Identify what a procurement fraud strategy looks like? What is included?
  • Design your own a company-wide procurement fraud strategy
  • Implement a best practice approach to procurement fraud with the support of detailed course notes
  • Deliver your own training programme for your own organisations and external  suppliers

The course will be taught using a combination of real life case studies in conjunction with interactive learning.

Each student will receive a desk top procurement fraud aide memoire package for easy reference on completion of the course. Additionally examples of a procurement fraud strategy with some supporting policies will also be provided for you to take away to your organisations.

Please contact us for the full course agenda and any further information you require.

Speakers

Paul Guile MA

Industry Experience:

Thorough out his commercial career, Paul has held senior management positions in both the fraud and security arenas.

Thorough out his commercial career, Paul has held senior management positions in both the fraud and security arenas.

He has over 20 years’ of investigative experience gained from both the police service (UK and international) and working in tough commercial environments. He has managed high value complex investigations including corporate fraud, bribery and corruption and procurement fraud within challenging commercial and financial environments.

He regularly presents at international conferences both in the UK and Internationally.

He has recently been carrying out training to government organisations on mitigation against procurement fraud risk and how to implement strategies to combat this threat.

Paul has authored a chapter on ‘How to Investigate Procurement Fraud’ which is being included in the Gower 2012 ‘The Counter Fraud Practitioner's Handbook.’

Education
Paul holds a MA in Fraud Management from Teesside University and majored in procurement/contract fraud following a 3 year research programme analysing the International approach and response to procurement fraud.

He has been appointed as a Part Time lecturer at Teesside University’s Centre for Fraud and Financial Crime and additionally he is an Associate of Teesside University’s Centre for Fraud and Financial Crime.

He is an Associate at Association of Certified Fraud Examiners, and a member of Transparency International.

Fee

£1485 CIPS members
£1650 non-members


In house training
CIPS can deliver this training in house tailored exclusively to your organisation at a time and place to suit your convenience, if this is of interest to you please call our Business Development team on 01780 756777.

 

 

 

Venue

Fairmont Hotel
P.O. Box 97555
Sheikh Zayed Road
Dubai,
United Arab Emirates

Tel: (971) 4 332 5555

email: dubai@fairmont.com

www.fairmont.com/dubai