Bribery and Kickbacks in the Procurement Process


Overview
Commercial bribery comes in many forms and is notoriously difficult to prevent, detect, and investigate. This webcast helps practitioners understand the forms of commercial bribery including bribes, kickbacks, and gratuities. It includes examples of commercial bribery gathered from a number of industries. Each “real world” case will include a detailed discussion of the red flags associated with the activity and a list of lessons learned. The participants will also learn how to implement changes in people, process and technology to minimize the frequency and magnitude of commercial bribery schemes.

Objectives

  • Understand the various forms of corruption that exist within the procurement process
  • Recognize the various red flags associated with procurement fraud
  • Learn “tried and tested” tactics to help prevent all forms of corruption
  • Build a business case to justify changes in the internal control environment
Emphasis
  • Fraud definitions
  • Overview of the forms of commercial bribery
  • Types of bribery and corruption that exist at each stage of the procurement process
  • Schemes involving collusion between employees and vendors
  • Payment methods and vehicles used to hide or disguise illegal payments
  • Ten cases involving commercial bribery and kickbacks
Who Should Attend
CPAs responsible for preventing, detecting and investigating fraud.

Prerequisite
None

Preparation
No advance preparation required

Level of Knowledge
Basic

CPE Credit
2 Hours

Delivery Method  
Group Internet Based

NASBA Field of Study
Accounting

Author
Paul McCormack