Contract and Procurement Fraud

Course Overview

A course on contract and procurement fraud is designed to provide participants with a comprehensive understanding of the types of fraud that can occur in the context of contracts and procurement processes. This two-day training equips individuals with the knowledge and skills necessary to detect, prevent, and investigate fraudulent activities in these critical business functions.

Course Details:

Date: September 12th to 13th  2024

Duration: 2 days

Continuing Professional Education (CPE) Credit: 3

Fee:

  • Members: 350,000
  • Non-Members: 550,000
  • Mode: In Person/Virtual

Course Objectives:

  • Define and explain the various types of contract and procurement fraud.
  • Understand the relevant legal and regulatory framework governing contracts and procurement.
  • Identify common types of fraudulent activities in contracts and procurement, such as bid rigging, bribery, and false invoicing.
  • Recognize red flags and warning signs of potential fraud.
  • Conduct risk assessments in contracts and procurement processes.
  • Implement fraud detection measures and tools to identify irregularities.
  • Develop and implement robust procurement policies and procedures to prevent fraud.
  • Implement effective vendor selection and screening processes.
  • Monitor and evaluate vendor performance to mitigate fraud risks.
  • Understand and apply investigation techniques in response to suspected fraud.
  • Gather and preserve evidence for internal and external investigations.
  • Extract lessons learned and best practices from case studies.
  • Establish effective reporting mechanisms for fraud.

Who Should Attend

  • Procurement officers and specialists involved in the sourcing, negotiation, and management of contracts.
  • Individuals responsible for drafting, reviewing, and managing contracts throughout their lifecycle.
  • Professionals tasked with ensuring that procurement processes comply with relevant laws, regulations, and organizational policies.
  • Auditors responsible for assessing and evaluating the effectiveness of internal controls in procurement and contracting.
  • In-house legal professionals who provide guidance on contractual matters and compliance.
  • Those responsible for identifying, assessing, and mitigating risks associated with contracts and procurement.
  • Individuals involved in reviewing financial transactions, invoices, and payments related to procurement.
  • Professionals focused on promoting ethical behavior and preventing fraudulent activities within the organization.
  • Professionals in organizations subject to specific industry regulations or governmental oversight.
  • Individuals responsible for ensuring the quality and integrity of products or services acquired through procurement.
  • Those overseeing projects with significant procurement and contracting components.
  • Professionals tasked with investigating allegations of fraud or misconduct in the context of contracts and procurement.
  • Professionals providing external oversight, auditing, or consulting services related to contracts and procurement.

Prerequisites:

  • Familiarity with the fundamental principles and stages of the procurement process.
  • Basic knowledge of relevant laws and regulations governing contracts and procurement in the specific industry or jurisdiction.
  • Understanding of compliance principles and practices, particularly in the context of procurement.
  • Awareness of risk management concepts, especially as they relate to procurement and contract management.
  • Understanding of basic financial terms and concepts, as they pertain to budgeting, invoicing, and financial transactions in procurement.
  • Exposure to or experience in contract drafting, negotiation, and management can be beneficial.
  • For participants involved in auditing, a basic understanding of internal audit principles may be helpful.
  • For individuals involved in investigations, a basic understanding of investigative techniques and processes.
  • Basic understanding of digital tools and technologies, as some aspects of fraud prevention may involve digital solutions.

Method of Delivery:

  • In-Person: The course will be conducted at a physical location. Participants will engage in face-to-face instruction, hands-on exercises, and group discussions.
  • Online: The course will be delivered through a virtual learning platform. Participants will have access to course materials, lectures, and interactive exercises

Completion Certificate: Upon successful completion of the course, participants will receive a certificate of completion, which can be used to claim Continuing Professional Education (CPE) credits.

Course Outline:

Module 1: Introduction to Contract and Procurement Fraud

  • Definition and types of contracts and procurement fraud
  • The impact of fraud on organizations and stakeholders

Module 2: Legal and Regulatory Framework

  • Relevant laws and regulations governing contracts and procurement
  • Compliance requirements and consequences of non-compliance

Module 3: Common Types of Fraudulent Activities

  • Bid rigging and collusion
  • Kickbacks and bribery
  • False invoicing and over billing
  • Vendor fraud and conflict of interest

Module 4: Risk Assessment and Detection

  • Conducting risk assessments in contracts and procurement
  • Implementing fraud detection measures and tools
  • Red flags and warning signs of potential fraud

Module 5: Prevention Strategies

  • Developing and implementing robust procurement policies and procedures
  • Establishing a strong ethical culture within the organization
  • Implementing internal controls to prevent fraud

Module 6: Due Diligence in Vendor Management

  • Vendor selection and screening processes
  • Monitoring and evaluating vendor performance
  • Implementing vendor audits and assessments

Module 7: Investigation Techniques

  • Conducting internal investigations into suspected fraud
  • Gathering and preserving evidence
  • Collaboration with legal and law enforcement agencies

Module 8: Case Studies and Real-World Examples

  • Analyzing real-world cases of contract and procurement fraud
  • Extracting lessons learned and best practices from case studies

Module 9: Reporting and Whistleblower Protection

  • Establishing effective reporting mechanisms
  • Protecting whistleblowers from retaliation
  • Legal obligations for reporting fraud

Module 10: Collaboration with Law Enforcement and Legal

  • Working with law enforcement agencies in fraud cases
  • Legal considerations and implications in contract and procurement fraud cases

Module 11: Ethical Considerations

  • Promoting ethical behavior in contracts and procurement
  • Addressing conflicts of interest and ethical dilemmas

Module 12: Continuous Improvement

  • Evaluating the effectiveness of anti-fraud measures
  • Implementing improvements based on lessons learned
  • Developing a culture of continuous improvement in fraud prevention

Register for the training here

Date

Sep 12 - 13 2024

Time

All Day

Cost

350,000.00/=

Location

4th Floor, Block B, Ntinda Complex
Opposite St. Luke Church
Category

Organizer

ACFE Uganda Chapter
ACFE Uganda Chapter
Phone
0414 231 136
Email
admin@acfeuganda.com
Website
ACFE Uganda Chapter
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