Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

Contract and Procurement Fraud - Auditing the Procurement Process

By: TSI Limited

Lagos State, Nigeria

17 - 19 Apr, 2017  3 days

Follow Event

  

NGN 190,000

When establishing a management system, organizations have to put in place processes to control the purchasing of products (or services) and their verification. However, the way organizations consider such requirements are fulfilled may not necessarily be the most appropriate one. Similarly, auditors may consider it sufficient to confirm compliance by just checking that an approved supplier list is up-to-date, that orders have been placed only with approved suppliers and activities necessary for ensuring conformity with the specified purchase requirements have been carried out.

Learning Objectives

  • Apply procurement audit skills during the design and development of a contract specification; 
  • deploy procurement audit skills to ensure that potential suppliers can provide a product that meets the design specification at the required cost;
  • Identify statutory and regulatory requirements especially the Procurement Act;
  • Identify the degree of risk associated with a component or product and the controls required to ensure that it meets the design specification in a contract.

Course Outline

  • Procurement Audit Procedure
  • Criteria for the Selection of Suppliers
  • Limitations of traditional approach
  • Reliance on tendering
  • Vulnerability to contract fraud
  • Initial selection and supplier partnerships
  • Annual review tools e.g. rolling audits, supplier 'MOTs'
  • Benchmarking
  • Improvement plans
Digital Age Hall, 332, Ikorodu Road, Capital Building, Near LASU Anthony Campus Maryland, Lagos Apr 17 - 19 Apr, 2017
NGN 190,000.00
(Convert Currency)

+1-646-202-8832, +2348033467639, +2348023019508,

Richard MAYUNGBE, PhD, MSc, MBA, BSc, FICA, FCCA, CPFA, ACFE, MICM, MIPN, Ch.MC, MITD, SEC Licensed Investment Adviser (Country Representative of the Institute of Certified Forensic Accountants, Canada) www.forensicglobal.org
Related Courses
Treasury Management Treasury Management

3 days, 26 - 28 Oct, 2017 

2017-10-26 12:10:00
Lagos State, Nigeria

TSI Limited

This three day course will give participants a chance to critically review key elements of their company treasury function and the means by which to add value and enhance efficiency. You will learn ...

Working Capital and Debtors Management Working Capital and Debtors Management

3 days, 20 - 22 Nov, 2017 

2017-11-20 12:11:00
Lagos State, Nigeria

TSI Limited

Managing debtors / receivables is a key aspect of working capital management. The objective of accounts receivable management is to ascertain the optimum level of trade credit to offer ...

Corporate Valuation and Take Over Corporate Valuation and Take Over

3 days, 27 - 29 Nov, 2017 

2017-11-27 12:11:00
Lagos State, Nigeria

TSI Limited

The valuation of companies is fundamental to the operation of the capital markets. It forms the basis of share trading and corporate finance activity, including capital raising, mergers, ...

Understanding Socially Responsible Investment Understanding Socially Responsible Investment

3 days, 23 - 25 Oct, 2017 

2017-10-23 12:10:00
Lagos State, Nigeria

TSI Limited

This training course aims to introduce the principles and mechanisms governing the implementation of SRI within an asset management process. Analyses of ISR funds currently available on the market ...