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Purchasing and Stock Fraud: Detection, Avoidance and Control

By: Alpha Partners

Lagos State, Nigeria

17 - 20 Oct, 2017  4 days

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NGN 105,000

This interactive class will  help you  to assess an organization’s risks relating to purchasing  fraud, identify controls that can mitigate those risks, design audit tests to detect purchasing fraud  and investigate evidence of  fraud occurring. The instructors will provide examples from their practical experience.

CONTENT

Overview of the Purchasing Cycle

  • Discuss the responsibilities of a typical corporate purchasing group and the purchasing business cycle
  • Understand who is involved (internal and external)
  • Identify differences in the purchasing cycle depending on the industry and company size

Purchasing and Stock Fraud Schemes

  • Classifications of purchasing and stock fraud
  • Corruption and Asset Misappropriation 
  • Purchasing and stock fraud schemes

Risk-Based Strategy to Fight Purchasing and Stock Fraud

  • Purchasing and stock fraud risk assessment
  • Fraud opportunity reduction through purchasing process improvement
  • Internal controls to reduce purchasing and stock risk
  • Proactive risk-based approaches to detect purchasing and stock fraud
  • Investigations of purchasing and stock fraud identified

Purchasing and Stock Fraud Detection Processes

  • Risk-based purchasing and stock fraud detection audits
  • Using CAATS to detect purchasing and stock fraud
  • Vendor monitoring: major contracts and stores

Stock Fraud Management

  • Types and causes of stock fraud
  • Fraudulent shortages and supplies
  • Fraud-free management of returned and used parts/spares
  • Falsification of stores and supplies documents

Detecting Particular Purchasing and Stock Fraud Schemes

  • Scheme-based purchasing and stock fraud symptoms and   detection methods
  • Special considerations for off-book purchasing fraud schemes
  • Special considerations for contract bidding schemes
  • Special consideration for stock fraud

FOR WHOM: Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

This course is being run by ALPHA PARTNERS in collaboration with THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA, LAGOS MAINLAND DISTRICT.

Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor) Opposite Adekunle BRT Bus-stop, Yaba - Lagos. Oct 17 - 20 Oct, 2017
NGN 105,000.00
(Convert Currency)

08033045484

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