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Auditing for Fraud in Procurement & Contracting

Description:

Auditing for Fraud in Procurement & Contracting

A Case-Based Approach

Tuesday, December 3, 2019

11 AM Eastern (10 AM Central / 9 Mountain / 8 AM Pacific)

2.0 Continuing Professional Education (CPE) credits in Auditing

PROGRAM DESCRIPTION

All areas of business hold the risk of wrongdoing, theft, misconduct and outright fraud. But these risks are extremely high in procurement & contracting relationships.

In this session, we’ll explore the added value every auditor can bring to their organizations and clients via a deep-dive into what can go wrong and what we can do about it in procurement and contracting transactions.

LEARNING OBJECTIVES

Learning objectives include:

  • Recognize why procurement and contracting relationships bring inherently elevated fraud risks
  • Identify the red flags and other indicators of wrongdoing in procurement and contracting
  • Explore real-world cases of procurement and contracting fraud – including the valuable action lessons for auditors that these cases present
  • Discover what to say and do so that your managers and clients will tighten up their controls and behaviors around procurement and contracting transactions
  • Explore proven audit steps – including exactly how to audit a third party
  • Identify what’s needed in your organization’s purchase order and contract documents to help ensure audit’s success
  • Recognize what can go wrong in procurement and contracting audits and what to do about it

WHO SHOULD ATTEND

  • Audit and assurance professionals in internal auditing, governmental auditing and public accounting
  • Compliance professionals
  • CPAs and CAs in public practice, industry or education
  • Certified Fraud Examiners