Contract and Procurement Fraud
Overview
Online
Description
Most businesses would not exist without reliable outside suppliers. But a few dishonest vendors, contractors or purchasers can cost a company or government agency serious money. This course explores the contracting process from the perspective of fraud.
Key Takeaways:
- Differences between public and private procurement
- Red flags associated with bribery and corruption schemes
- How to uncover procurement fraud schemes
- How outside contractors can contribute to exploiting contracts and procurement processes
- How to perform fraud risk assessments
Prerequisites
None
You Will Learn How To:
Relate basic aspects of the processes organizations use to contract for goods and services
Identify the essential components of an enforceable contract and distinguish between the types of contracts used to purchase goods or services
Distinguish between public and private procurement
Identify common civil, criminal and administrative actions for procurement fraud
Relate key information about the different types of bribery and corruption schemes, and identify red flags and risk factors of such schemes
Recognize the characteristics and common forms of procurement fraud schemes involving collusion among third-party contractors
Identify the ways in which procurement employees can collude with outside contractors to exploit contract and procurement processes for fraudulent purposes
Identify the ways in which perpetrators can commit fraud using procurement methods that do not provide for full and open competition
Recognize the characteristics and common forms of procurement fraud schemes that occur while contracting parties fulfill their contractual obligations
Ascertain the technical knowledge required to develop and perform fraud risk assessments
Determine the appropriate measures to detect and prevent the different types of fraud schemes that target procurement processes
Determine the appropriate measures to take in investigative efforts to uncover procurement fraud schemes
Table of Contents
Lesson 1 | The Basics of the Contract and Procurement Process |
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Lesson 2 | Contracts in the Procurement Process |
Lesson 3 | Public Versus Private Procurement |
Lesson 4 | Criminal Actions in Contract and Procurement Fraud |
Lesson 5 | Civil and Administrative Actions |
Lesson 6 | Bribery and Corruption |
Lesson 7 | Third-Party Fraud in Contract and Procurement |
Lesson 8 | Collusion Between Employees and Third Parties |
Lesson 9 | Anti-Competitive Practices |
Lesson 10 | Performance Schemes |
Lesson 11 | Fraud Risk Management for Contract and Procurement Fraud |
Lesson 12 | Detection and Prevention Programs |
Lesson 13 | Investigating Contract and Procurement Fraud |
CPE Information
CPE Credit: | 6 |
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NASBA Information: | Auditing |
Advanced Preparation: | None |
Last Updated: | February 2023 |
Delivery Method: | QAS Self-Study |
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CPE Credit
Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.
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Features:
- 24/7 access to courses through your Internet browser
- Save time and quickly earn CPE credits with instant access, grading and printable certificate
- The flexibility to start or stop a course and pick-up right where you left off
- No additional shipping fees
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System Requirements:
- Internet access: High-speed connection recommended
- Speakers required for video sound
The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.
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