How to prevent, detect, and investigate contract and procurement fraud

The rise in contract management and the outsourcing of goods and services have created an increase in procurement fraud, which can occur in any stage of the contracting and procurement process. Appropriate controls, fraud prevention strategies and proper tendering processes are necessary in the fight against this fraud. This 2-day course will teach you the best practices in preventing, detecting, and investigating contract and procurement fraud.

Organizations can be defrauded through collusion among bidders, between employers and contractors, and by sole procurement employees. Consequently, you need to be aware of the vulnerabilities and risks associated with fraud schemes that attack the purchasing, procurement, and contract functions. Acquire the knowledge, skills, and techniques you need to prevent, detect and deter these devastating frauds and join the course Contract and Procurement Fraud!

What will you learn in this official ACFE (CPE) course?

In this 2-day Contract and Procurement Fraud course you will learn how to:

• Determine if a procurement scheme violates legal statutes or civil laws
• Identify the red flags of bribery and corruption
• Recognize bid-rigging and market-allocation schemes
• Reduce the risk of vendor fraud
• Develop an investigation plan to respond to suspected procurement fraud

Who should attend?

The 2-day course about contract and procurement fraud is meant for: Certified Fraud Examiners (CFEs) and other anti-fraud professionals; government procurement officers; internal and external auditors; professionals seeking knowledge of fraud in the procurement process; forensic and management accountants, accounts payable and financial analysts; controllers and corporate managers; governance, risk management and compliance officers; attorneys, legal professionals and law enforcement personnel; detectives (GRC) and private investigators.

Prerequisites

There are no specific prerequisites for attending the official ACFE (CPE) Contract and Procurement Fraud course.

About ACFE (Association of Certified Fraud Examiners)

ACFE is the world's largest anti-fraud organization and the premier provider of anti-fraud trainings and education. Together with more than 85.000 members in 160 countries and chapters in 125 countries, ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession.

Maintaining your Certified Fraud Examiner (CFE) certification – CPE requirements

To maintain your CFE credential, you are required to earn at least 20 hours of Continuing Professional Education (CPE) every 12-month period. Al least 10 of these hours must directly relate to the detection and deterrence of fraud and 2 hours must directly relate to ethics. If you have earned more than 20 hours of CPE in your previous reporting period, you may rollover up to 10 hours to meet your current CPE requirements.

Individuals holding a Certified Fraud Examiner (CFE) certification may claim 16 CPE credits to maintain their certification. You will receive an ACFE certificate of completion that includes the number of CPE hours attained to claim your CPE credits for the 2-day Contract and Procurement Fraud course.