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Risk Assessment of Procurement Process, Projects and Contracts

pencil CPE: -

calendar 15 September

clock 8.30am until 1.00pm

location Online Course (Live Session)

View Course Brochure

​All roads lead to fraud! Procurement fraud is the second-highest form of fraud globally. Therefore, organisations have a need to ensure protection from risk of fraud, corruption and money laundering via business channels of procurement and contracts and suppliers (and their ensuing management projects) with robust auditing policies and top-notch professional skills.

This new, incisively prepared audit-focused program draws together a range of key business issues and skill-sets. Using an engaging and productive training method, we work with you thorough presentations, skills, interactive group activities, multi-directional discussions and case studies.

Participants will learn:

  • How to apply business metrics to procurement, bids, tenders, and contracts

  • To navigate complex projects

  • To set out fresh audit plans according to new projects / business development / expansion

  • New skills in detecting and preventing fraud / ML amid complex projects

  • To ‘design out’ fraud risk in procurement policy and management

Topic Areas

  1. Re-defining the demarcation line: the auditor’s independence and objectivity

  2. Risk-based audit and a brisk review of key-risk financial crimes

  3. In context: the Auditor as the Investigator

  4. Planning Risk-Based Auditing

  5. ‘Going Digital’- auditing in the digital era of products and services

  6. Balancing the act: implementing and designing internal and operational controls

  7. Audit management: methods of measurement and reporting

Trainer: Ian Ross (Director, Compliance & Training Detecta E.U.S.)

  • Accredited Counter Fraud Specialist

  • ‘Listed expert' Cour pénale internationale (The International Court of Justice (The Hague)

  • International Advisory Group Member, United States Institute of Peace ("USIP”)

  • Fellow: Chartered Management Institute

  • Trainer: ACAMS