Who can benefit?

• Managers involved in projects, contracts, purchasing, operations, maintenance, engineering, quality, finance, and other company activities that expose them or their staff's to contractors and suppliers where there is a potential for fraud to occur.

Course objective

•  Common Business Ethics
•  Types of Internal Fraud Related to Contracts and Purchasing
•  Types of External Fraud to Contracts and Purchasing
• Steps in Corruption Prevention
• Anti-Corruption Policy Statements & Contract Clauses
• Stages in the Procurement Process where Fraud can occur
•  Elements of a Good Procurement System to combat Fraud
• Expectations for Continuous Improvement as anti-corruption tool
• Standards of Ethical and Professional Conduct
•  Fair and reasonable price determination to prevent corruption
•  Basic Methods of Fraud Detection
• Resources to increase their Knowledge and skill sets

Course content

• Business Ethics
• Defining Fraud
• Impact of Fraud and Corruption
• Corruption Perception Index
• Influences that cause Corruption
• Rewards and risks for participating in Corrupt Activities
• Duties of Employees acting as agents
• Types of Employee Fraud Related to the Procurement Process
• Types of Contractor and Supplier Fraud
• Stages of the Contracting & Purchasing Process where Fraud is most likely to Occur
• Types of Collusion
• Overcharging by suppliers
• Elements of a Good Procurement System
• Authority levels
• Determining fair and Reasonable Pricing
• Supplier and Contractor Qualification Process
• Main elements in a competitive bidding process
• Statement of Work
•  Reverse Auctions
•  Quality Programs
•  Performance-Based Service Contracts
• Major Steps for Effective Prevention
• Corporate Compliance Procedures and Policies
• Compliance Officer
• Due diligence In Hiring & Promoting Personnel
• Education & Training
• Disciplinary Action
• Management Responsibilities in Corruption Prevention
• Contract and Purchasing Professionalism
• Standards of Ethical and Professional Conduct
• Gratuities & Gifts
•  Corrupt Practices Act
• World Trade Organization's procurement rules --a universal standard for good practices.
• Blow the Whistle Procedures
• Contract Clauses That Assist In Prevention
• Conflicts Of Interest
• Certificate Of Independent Price Determination
• Covenant Against Contingent Fees
• Anti-Kickback Procedures.
• Cancellation, Rescission, and Recovery of Funds For Illegal Or Improper Activity.
• Price or Fee Adjustment for Illegal Or Improper Activity.
• Certification and Disclosure Regarding Payments to Influence.
• The Integrity Pact
• Reputation Management as a Tool To Fit Corruption
• Methods of Fraud Concealment
•  Potential Warning Indicators of Fraud by Personnel
• Basic Methods of Fraud Detection
• Internal Audit Teams
• Expectations for Continuous Improvement
• Continuous Improvement Programs
• Savings Reporting Process
• The use of Strategic Purchasing Plans to reduce Fraud