Theft, fraud and corruption in public and private sector procurement extend well beyond the financial loss; it affects an organization’s reputation and credibility and can hamper and delay implementation of critically needed programs and projects. Corruption increases cost and ultimately reduces competitiveness. Very often organizations are caught trying to stop the provable “horse that has already bolted the stable”. This lack of compliance with the law and acceptable rules of conduct is due in large measure to the absence of proper codes of conduct coupled with inadequate or no training in detection and avoidance for those mandated to monitor and oversee procurement transactions.
General Principles of Procurement
- The Role of Purchasing
- Stages of the Purchasing process
- The Impact of e-purchasing & internal relationship
- Communications-relationship with suppliers
Prevention and Detection
- Setting up a systems of safeguard
- The Symptoms
Application of Laws and Penalties
- Corruption Act
- Procurement Act
- Code of Conduct
Prevent Corrupt Practices
- Procurement Audits
- Separation of Authority
- Whistle Blowing
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.