Advanced Purchasing and Stock Fraud: Detection, Avoidance and Control

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

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
· Vendor monitoring: major contracts and stores

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