Description

Even though that as method of delivery is Face to Face and as the situation caused by the coronavirus, keeps evolving in a dizzying speed, if by the time of commencing date is not safe to resume face-to-face tuition the courses will be run as ONLINE TUITION LIVE (OTL) . 

Procurement fraud comes in many forms and can increase the cost of procurement by an additional staggering amount of 10%. Consequently, this additional cost will create problems with the project’s budget and have important financial and other implications for an organization. Other critical implications consist of Reputational damage and Health and Safety issues. Therefore, it is universally accepted that combating procurement fraud is vital because of the devastating impact it can have on organizations. Enhancing fraud awareness and introducing effective preventative and detective measures are necessary tools in successfully combating procurement fraud and avoiding significant financial losses. For private companies, successfully addressing procurement fraud can increase profits and for governments minimizing the risk of procurement fraud can effectively enhance its reputation and improve its public services thus attracting more foreign investment as it will become a more attractive destination. 

Seminar Scope

TOPICS TO BE COVERED

What is Procurement Fraud?

• Procurement Fraud Triangle
• Procurement Methods & Process

Collusion among Contractors

• Analysis of Schemes
• Warning signs Collusion between Contractors and Employees
• How perpetrators can commit procurement fraud
• Ways to identify

Defective Pricing Schemes

• Analysis of Schemes & Red flags

Performance Schemes

• Analysis of Schemes
• How to identify performance schemes

Prevention measures

• Training & Effective Internal Control System
• Monitoring
• Third Party Risk Management
• Real Cases

Best Suitable for

• Internal & External Auditors
• Accountants
• Procurement Officers
• Lawyers
• Risk Managers & Compliance Officers
• Chief Operating Officers & Financial Controllers 
  

More Information

Chrystalla Kazara (BSc, AIA, ACCA, CFE)

Chrystalla is a holder of a Bachelor Degree in Business Administration and a Banking Certificate from the American Bankers Association. She is a Chartered Certified Accountant (ACCA) and a Certified Fraud Examiner (CFE), member of the Board of Directors of ACFE Cyprus and of the ACFE Global. She is also a member of ICPAC, of the Cyprus Institute of Internal Auditors and of ISACA Cyprus Chapter. She has 20 years of experience in the Banking sector, in two of the largest financial institutions in Cyprus, and has also experience in the Corporate Services sector. Her expertise mainly focuses in Project Management, Risk Management, Compliance/AML, Corporate Governance, Internal Audit, Fraud Risk Management and Fraud Investigations. Currently, she is a Lecturer of professional courses and a corporate trainer of professional development courses.