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Two Day Seminar: Managing Procurement Fraud Risk with Effective Internal Controls

Course Code: GRC418 CPE Hours: 16
Course Start Date: January 28, 2019 Course End Date: January 29, 2019
Time: 9.00 AM - 5.00 PM Registration Deadline : January 21, 2019
Level of course: Level 2 Trainer: Sylvia Lim
Competency areas: Governance, Risk and Control [GRC] Course venue: M Hotel Singapore/Oasia Hotel Novena
Course fee (IIA/ ISACA member): $845.30 (Inclusive of GST) Course fee (non-member): $1070.00 (Inclusive of GST)
Other Memberships valid for discount: 10% off non-member rate for ISCA and ACCA member
Lunch Provided: Yes Tea Break: Yes
Course Overview:

INTRODUCTION
Procurement fraud can occur through departmental purchasing of goods and services, as well as through contractual arrangements with external service providers. It can come in many different ways.

Fraud within the procurement life cycle is high risk and can result in recurring losses. You may be at risk due to fraudulent activities conducted by internal staff, collusion between internal staff and external service providers or external service provider and/or industry collusion.

Join us in this 2-day training program to acquire the knowledge, skills and techniques you need to deter, prevent and detect this devastating type of fraud.

WHO SHOULD ATTEND
• Internal auditors
• Internal controls officers
• Financial auditors
• Procurement officers
• Compliance, finance and other operations professionals who are seeking to understand more about the procurement process, as well as learn about different procurement fraud schemes and the measures to deter, prevent or detect them.

Course description :

LEARNING OUTCOMES
What you will gain from this seminar:
• Gain a thorough understanding of the vulnerability of the procurement function to fraudulent activities
• Explore different kinds of procurement fraud that can occur in a typical organisation
• Identify the various root causes of different procurement fraud schemes
• Recognise the red flags of procurement fraud
• Design different effective deterrent, preventive and detective measures to help reduce the occurrence of procurement fraud

COURSE OUTLINE
Introduction to different types of fraud and procurement fraud
• Different types of fraud that can occur in your organisation
• What is procurement fraud?
• Why is the procurement function vulnerable to fraud?
• Where and when can procurement fraud happen?
• Consequences of procurement fraud

Different types of procurement fraud schemes
• Bribery and corruption
• Fraud in bidding process
• Unjustified sole source
• Split purchase
• Change order abuse
• Cost mischarging and defective pricing
• False invoices and phantom vendors

Root causes and red flags of procurement fraud
• Root causes of procurement fraud
• General procurement fraud red flags
• Red flags unique to specific procurement fraud schemes

Preventing and detecting procurement fraud
• Assessing the risk of procurement fraud
• Creating an anti-fraud culture
• Procurement fraud deterrents
• Reducing procurement fraud risk - preventive controls and assessing their effectiveness
• Measures to detect different types of procurement fraud

Anti-bribery and anti-corruption (ABAC) compliance
• US Foreign Corrupt Practices Act
• UK Bribery Act
• Singapore Prevention of Corruption Act
• Developing an ABAC Checklist

Case studies discussion

ABOUT THE TRAINER
Ms Sylvia Lim is the Managing Director of Corporate Risk Strategists and Excellence Link Associates, specialising in coaching, consulting and training on risk management, internal controls, as well as fraud prevention and detection. Sylvia has worked with the Big Four accounting firms, multinational
corporations and local companies in Hong Kong and Singapore for over 15 years.

Sylvia has been extensively involved in risk management, internal control, internal audit and Sarbanes-Oxley compliance projects in Asia Pacific. Additionally, Sylvia has over 5 years of professional training experience. She has provided various training programs on corporate governance, enterprise risk management, internal controls, anti-fraud and anti-corruption to diverse clients and directors from companies listed in Singapore, Malaysia and Hong Kong.

Graduated with an Accountancy degree (Honours) from Nanyang Technological University, Sylvia is also a Certified Internal Auditor of the Institute of Internal Auditors and Certified Fraud Examiner of the Association of Certified Fraud Examiners.


You can utilise the training credits which will expire on 31 May 2019 for this training/seminar,etc. Please contact iia-academy@iia.org.sg to verify the availability of your training credits.

Payment by PayNow transfer

Make the payment of your registration fees via PayNow transfer by following the steps below:

1. Upon completing your registration, proceed to payment and select the “Cheque/Fund Transfer” option.
2. Login to Internet Banking or Mobile Banking.
3. Scan our corporate PayNow QR code.
4. Verify our UEN number (S76SS0058D) and release funds.
NOTE: Kindly include your name and/or membership ID under the UEN/Bill Reference Number (text limit of up to 25 characters).
5. Once payment is made, please print screen the transaction and email to iia-academy@iia.org.sg for our tracking purposes.

Click here for more information on PayNow.


Group Discount
Register as a group of 4 or more participants for the same course and enjoy a 10% group discount!
Applicable for participants from the same company registered within the same day. Discount will be indicated and processed on a single invoice.

Terms and Conditions:
1. Registered participants will be liable for the full fee even in the event of non-attendance.
2. A processing fee of $100 will be imposed for any cancellation. Cancellation must be submitted in writing 7 days prior to the event date and subject to IIAS’s approval. Substitutions will be permitted and conditions will apply.
3. Full payment must be received prior to the event. Registration forms submitted without payment will not be accepted.
4. Contact Person will be notified VIA EMAIL of the result of their application for enrolment within three working days after the enrolment deadline.
5. Registration is on a first-come-first-served-basis and Complimentary Parking will be provided only on a first-come-first-served-basis.
6. IIAS reserves the right to revise the programme as necessary.
7. IIAS reserves the right to cancel or postpone the training should the minimum class size is not met.


PLEASE NOTE:

A system generated email will be sent upon successful registration of the mentioned seminar.
Once the course is confirmed, an email confirmation will be sent to the registrants’ contact email addresses 1 week prior to the course commencement date
If you do not receive any email notification regarding your course registrations, please call IIA Academy at 6324 9030/31.


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