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Understanding Procurement Fraud - Investigation & Resolution

Understanding Procurement Fraud - Investigation & Resolution

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• Benefit from discussion and “real life” case studies.
• Gain insights from leading fraud investigators with many years of professional experience.
• Stay current with new and exciting developments in the fraud detection and prevention techniques shared
• Increase your effectiveness within all aspects of dealing with procurement fraud in your Organization
• Leverage on networking, sharing of views and ideas.
• Learn how other organizations are dealing with problems of financial fraud.
• Benefit from discussion and “real life” case studies.
• Gain insights from leading fraud investigators with many years of professional experience.
• Stay current with new and exciting developments in the fraud detection and prevention techniques shared
• Increase your effectiveness within all aspects of dealing with procurement fraud in your Organization
• Leverage on networking, sharing of views and ideas.
• Learn how other organizations are dealing with problems of financial fraud.

More info:

Categories:Types, Brochures
Published by: CFE International Consultancy Group on Dec 22, 2009
Copyright:Attribution Non-commercial


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ICFE Consultancy Group Pte Ltd
Understanding Procurement Fraud:Investigation & Resolution
2-Day Training on
Approved CPD Provider
CSI World Headquarters
Training Professionals Globally
CSI Members enjoy 16 unitsof CPE Credits
AIA Members stand to receive 14 units of CPD hours by attending this seminar
Tommy Seah Stanley Chia
(Principal Trainer)
10 & 11 March 2010,
Hotel Rendezvous, Singapore
Complete the registration form atthe back of this brochure and returnit to us by fax @
6222 9865 
Become an Associate Member of CSI WORLD HEADQUARTERS(worth USD200) for
See brochure for more details.
Purchasing fraud is on the rise. Companies today do not just face risks from internal fraud but also from externalcriminals who are technologically savvy. The important roleon combating fraud plays in minimising financial losses isfast gaining ground. ICFE experts is providing you withpractical advice on how to “look for red flags” andsymptoms of fraud. Discover why some numbers do notadd up. Mitigate this fraud risk management by learningthe latest strategies that can be adapted to your company.This event will also cover investigation and prevention,most importantly how to structure your business processesto minimise the risks whilst maintaining operationalefficiency.Recognising the challenges that organisations are facingin combating Purchasing Fraud, ICFE Consultancy GroupPte Ltd is pleased to present this 2-days Training onUnderstanding & Preventing Procurement Fraud. This willserve as an excellent opportunity to learn how best toconduct an internal investigation to protect yourorganization and step up on controls to deter fraud.
Register by
31 Jan 10
for an
Have a greater pespective and idea of what fraud is all about. It does notonly involve corruption. ~ DSTAThe unique techniques to prevent procurement fraud. ~ A*STARHaving good and effective internal controls and procurement fraudstrategies. ~ RP 
Comments from Past Delegates
   W   h  o   S   h  o  u   l   d   A   t   t  e  n   d
• Purchasing Managers• Procurement Managers• Buyers, Merchandisers• Fraud Investigators• Legal & Compliance Managers• CFOs & VPs Finance• Financial Controllers & Accountants• CEOs & MDs• Company Directors• Risk Management & Regulatory Managers• Internal Auditors & Audit Managers• Internal Control Officers• HR & Training Managers• IT & Contract Managers• all who involved in Corporate
Transparency & Governance
   D  a  y   1   D  a  y   2
Tel : (65) 6222 9860 | www.icfe-cg.com | enquiry@icfe-cg.com |Fax: (65) 6222 9865
Important Notice 
“ Due to the interactive nature of the learning session, the sequence and contents of the program maybe vary according to the needs of the participants. The speaker reserves the right and the privilege to conduct the program in the manner which he thinks to be in the best interest of the majority of the participants. Please ensure that you understand this completely so as to prevent any form of unrealistic expectation and or disappointment in a public enrolment program that was not tailored to your specific need. Please inform the organizer in advance if you are not agreeable or do not completely understand the above term and we will review your enrolment accordingly. ” 
Introduction to Purchasing Fraud
• What is Procurement fraud? • Internal Controls limitation• The Role of Internal Auditor, Risk Management and Compliance in addressing Procurement Fraud 
Understanding and Shaping Your Environment
• Understanding your policies, codes and practices• The Trinity of Controls• The Paradigm Shift • The need for Fraud Risk Management 
Anatomy of a Kickback Case
• Collusion between employees and third parties
represents a growing number of all corporate frauds.
The Fraud Compass :
• In what order would you perform the suggested investigative tasks? • What would each of you recommend to be doneto investigate the rumours of the COO receiving kickbacks from vendors? 
Recap Morning SessionAnatomy of a Kickback Case - Contd….
• Where do I find the help in investigating Procurement Fraud? • What can be done to put more puzzle pieces onthe board? • What are the appropriate financial records toexamine? 
Creative Accounting and Purchasing Fraud
• The Systemic Approach to fraud detection• Purchasing fraud exposures• Symptoms and “red flags” of purchasing fraud 
General Discussion & Question Session
2 Tea Breaks and 1 Lunch Breakwill be provided for both days
Interestedin other courses?Download ourEVENT CALENDER at www.icfe-cg.com
Recap on Day 1Corruption and Cultural Considerations
• Gifts and entertainment practices• Understanding the global environment • Pressures toward transparency • Special situations in select industries• Blanket purchases
Suggestions for assessing and improving yourenvironment
• Ethics and Integrity • Can ethics be taught ? • Ethical Decision Making Model • The Triangle of Temptations
A Classroom participative Case StudyRecap Morning SessionInvestigating - Responding to SuspectedWrongdoing
• Introduction to Investigations• What a complete investigation should include• Proving wrongdoing in purchasing • An investigative checklist 
Contracting & the Prevention of Purchasing Fraud
• Contracting tasks and controls• Some 'Red Flags" on Procurement Fraud • Working with management to deter purchasing fraud • Suggestions for the future
A Discussion on Procurement Fraud CasesCase Studies, Q & A Session
Benefit from discussion and “real life” case studies.Gain insights from leading fraud investigators with many years of 
professional experience.
Stay current with new and exciting developments in the fraud detection and 
prevention techniques shared 
Increase your effectiveness within all aspects of dealing with procurement fraud in your OrganizationLeverage on networking, sharing of views and ideas.Learn how other organizations are dealing with problems of financial fraud.
Suspect a fraud?Consult aCertified Fraud Examinerat (65) 6222 9860 or emailfraudbuster@icfe-cg.com
Consultant-In-AttendanceStanley ChiaTommy Seah
Call today for a COMPLIMENTARY CONSULTATION! No Obligations.
He also holds a Master of Commerce, specializing in Business Law from The University of New SouthWales. He obtained his Bachelor of Economics, majoring in Money & Banking and Accounting in 2001from The University of Western Australia.
• The only Regent Emeritus of the Association of Certified Fraud Examiners(ACFE) within the Asia Pacific• Chairperson Emeritus of CSI World Headquarters• World Class Financial Management Expert• Double Firsts in Financial Management and Accountancy (U.K.)• Chartered Banker, International Accountant, FCPA (USA), CSOXP• Member of Advisory Board to SOX Institute (N.Y.)• Member of Singapore Institute of Directors
• Certified Fraud Examiner (CFE) with the Association of Certified Fraud Examiners(ACFE)• Certified Member (CAMS) with Association of Certified Anti-Money LaunderingSpecialists (ACAMS)• Certified System Investigator (CSI) with the CSI World Headquarters• Member of GRC Group New York• Member of International Compliance Association (ICA)
Stanley is the Managing Director of ICFE Consultancy Group Pte Ltd, a think-tank company that provides multi-consultancysolutions to companies world-wide. He specializes in investigative interviewing & profiling techniques and has handled numerouscases for both local and foreign financial institutions. He is also well versed in financial products knowledge, fraud examinationtechniques and compliance methodologies. Stanley has worked for large financial institutions like AIA Insurance, SingaporeExchange and United Overseas Bank where he was involved in anti-money laundering, compliance, enforcement and fraudinvestigation work. To date, he has investigated more than 100 fraud and compliance-related cases and some of them involvedover US$1M.His services in providing technical training and consultancy in AML and Basel II systems implementation is much sought after bynumerous banks in the region, including Germany, Singapore, Malaysia, China, Indonesia, Brunei, Thailand, Philippines andTaiwan. Tommy’s previous experience includes systems-based auditing in an American International Bank, where he was theSenior Regional Auditor Responsible for the Bank’s audit in the Asia Pacific region. He has also held the top executive position ofChief of Internal Audit in prime offshore bank where his audit duties cover the Singapore and Hong Kong operations of the bank.His brief covers all areas of the bank’s audit of operations and IT systems. Prior to this, he was Head of Operations of a foreignbank.In addition to being a Fellow Member of two internationally recognised and leading UK Accountancy body, Tommy holdsprofessional graduate diplomas from two Banking Institutes including the prestigious Chartered Institute of Bankers (UK).Besides being a qualified fellow member of two U.K professional accounting bodies, he is also a member of EDP AuditorsAssociation now known as the Information Systems Audit and Control Association (ISACA) and Institute of Internal Auditors (USA).In this region, Tommy Seah is the only Singaporean who holds the membership grade of Senior Associate of Malaysian Instituteof Bankers.Tommy Seah has authored seven banking books including the F.I.G Program. The F.I.G is the authoritative and definitive text onFinancial Instruments designed to be used in the world wide banking industry. This publication has received excellent review andfirst class commendation from some of the most authoritative professional certification bodies and top-rated banks in the world.The other six authoritative texts are The Audit Foreign Exchange in Banks, The Control of Money Market Activities in Banks,Understanding and Auditing Operational Risk management, Financial Management for Banks, MCA for Banks and SWAPS inInvestment Banking. His latest attempt is in the area of e-fraud and Digital Forensics for banks.For the past twenty eight years, Tommy has trained numerous bank auditors and consulted by numerous lawyers in the region.Financial Instruments, Foreign Exchange, Money Market Options, Derivatives and Swaps are his special interests. He devotes asubstantial portion of his time in research work and is presently available on retainer to selected established banks for lossprevention consultancy. Today, he is still very much a hands-on accountant, auditor, investigator and SOX 404 Complianceexaminer.You will want to meet him and know him not just for his technical knowledge and professional achievements. In almost everyinstances, it is his unselfish willingness to share his insights on practical issues and his ability to make complicated things seemsimple that the audience find inspiring and refreshing for a change.
Tel : (65) 6222 9860 | www.icfe-cg.com | enquiry@icfe-cg.comFax: (65) 6222 9865
Tommy is someone you would like to meet in person. He is a Certified Fraud Examiner and a Regent Emeritus, Association ofCertified Fraud Examiners based in Texas, USA. CFE is a post graduate professional qualification recognised by the USA CentralIntelligence Agency in its recruitment of auditors combating fraud.

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